11,804 research outputs found
Expected returns to stock investments by angel investors in groups
No full textAngel investors invest billions of dollars in thousands of entrepreneurial projects annually, far more than the number of firms that obtain venture capital. Previous research has calculated realized internal rates of return on angel investments, but empirical estimates of expected returns have not yet been produced. Although calculations of realized returns are a valuable contribution, expected returns, rather than realized returns, drive investment decisions. We use a new data set and statistical framework to produce the first empirical estimates of expected returns on angel investments. We also allow for the time value of money, which previous research has typically ignored. Our sample of 588 investments spans the 1972–2007 period and contains 419 exited investments. We conduct extensive tests to explore potential bias in the data set and conclude that the evidence in favor of bias is tenuous at best. Our results suggest that angel investors in groups can expect to earn returns that are on the order of returns on venture capital investments. Estimated net returns are about 70 percent in excess of the riskless rate per year for an average holding period of 3.67 years. This estimate is reasonable compared to Cochrane's (2005) estimate of 59 percent per year for venture capital investments, which tend to be in lower-variance, later-stage projects. Returns have a large variance and are heavily skewed, with many losses and occasional extraordinarily high returns.
ROSENTHAL, Eric Inventory of documents
No full textCOVERAGE 1904; 1 File; 011 metre.Private papers of Eric Rosenthal, author, journalist and broadcaster
tritrophic-dispersal-model: Code used for creating figures for "Non-hierarchical dispersal promotes stability and resilience in a tri-trophic metacommunity"
No full text<p>This is the commented code used for creating figures for the paper. Any questions regarding the code should be directed to the corresponding author and repository owner (Eric Pedersen). </p>
Eric Velazquez Spanish Language Picture Book Award 2022 Acceptance Speech
No full textAuthor Eric Velazquez gives his Silver Medal acceptance speech for Pulpo Guisado (Holiday House)https://educate.bankstreet.edu/spanishlanguageaward/1001/thumbnail.jp
Eric C. Lincoln, Professor of Sociology and Religion, 1971
No full textThis is an interview with Eric C. Lincoln. Eric was a Professor of Sociology and religion, Union Theological Seminary and author of many books and articles on Negro history. In this recording the contributors discuss local memphis politics, sociology, and race relations compared to that of other cities in the South and the rest of the country
Interview with Eric Bentley, author, drama critic, and playwright
No full textDistinguished drama critic and Bertolt Brecht scholar, Eric Bentley is interviewed by WTMJ-TV host Jim Peck and John B. Fuegi, associate professor of Comparative Literature. Bentley recalls his association with Brecht, the critical and creative aspects of literature, and his interest in writing plays for the theater.GrayscaleSoun
Dr. Eric Yellin – Faculty Author Interview
No full textDr. Eric Yellin, Associate Professor of History and American Studies discusses his new book, Racism in the Nation’s Service: Government Workers and the Color Line in Woodrow Wilson’s America, published recently by the University of North Carolina Press. In this book, Dr. Yellin argues that President Wilson’s administration successfully segregated the federal government in the age of progressive politics. He investigates how the enactment of the segregation policy imposed a color line on American opportunity and implicated Washington in the economic limitation of African Americans for decades to com
Essentials of Dental Radiography and Radiology / Eric Whaites and Nicholas Drage.
No full textPrevious edition: Essentials of dental radiography and radiology / Eric Whaites. Fourth edition. Edinburgh ; New York : Churchill Livingstone, 2007.Includes bibliographical references (pages 461-464) and index.x, 478, [2] pages
10th C. Eric Lincoln Lecture Series, 1992
No full textPart of the 10th anniversary of the C. Eric Lincoln lecture series Dr. Love Henry Whelchel moderates a panel of scholars. The panel includes Dr. C. Eric Lincoln, Dr. Jacquelyn Grant, and Dr. John Hope Franklin. The panel discusses the life of George Washington Williams (author of History of the Negro Race in America). The discussion includes issues related to Womanist theology, Islamic religion, sociology, religion and history.The Atlanta University Center Robert W. Woodruff Library acknowledges the generous support of the National Endowment for Humanities - Humanities Collections and Reference Resources Implementation Project Grant in supporting the processing and digitization of a number of its major archival collections as part of the project: Spreading the Word: Expanding Access to African American Religious Archival Collections at the Atlanta University Center Robert W. Woodruff Library
Q & A - Eric Davidson
No full textEric Davidson graduated from the University of Pennsylvania in 1954 and received his PhD from Rockefeller University in 1963. He remained at Rockefeller until 1971 when he moved to Caltech in Pasadena, California. He was elected to the U.S. National Academy of Sciences in 1985, and is at present Norman Chandler Professor of Cell Biology in the Division of Biology, Caltech. He is the author of 5 books and over 400 papers on developmental gene regulation and evolution of genomic programs for development. For the last decade his work has focused on theory and operation of developmental gene regulatory networks
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