TY - JOUR U1 - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed) A1 - Adam, Urs A1 - Herzog, Bodo A1 - Mast, Clemens A1 - Molterer, Manuel T1 - Venture capital and the innovative power of a state : econometric study including Google data JF - Journal of statistical and econometric methods N2 - This article focuses on venture capital investments and the innovative power of a state defined by its public infrastructure. The economic implications are evaluated by estimating several panel regression models. The novelty is twofold: on the one hand the research approach and on the other hand the new data set. The data ranges from 1995 to 2014 and consists of 10 European countries plus the US and Canada. For the first time we include Google search data on Venture Capital. The results show a significant increase in Venture Capital is mainly determined by economic conditions such as real GDP growth. The impact of the innovative power of a state is not significant. We find that Google data is positively related and significant in respect to Venture Capital investments too. Consequently, we confirm that private business investments cannot be created by government policy alone rather via solid macroeconomic conditions. KW - venture capital KW - innovation power of states KW - Google data KW - panel regression Y1 - 2015 U6 - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-4968 UN - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-4968 UR - http://www.scienpress.com/journal_focus.asp?main_id=68&Sub_id=IV&Issue=1587 SN - 2241-0384 SS - 2241-0384 VL - 4 IS - 3 SP - 47 EP - 63 S1 - 17 PB - Scienpress CY - London ER - TY - JOUR U1 - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed) A1 - Herzog, Bodo T1 - Applied model for financial bubbles JF - Journal of applied finance & banking N2 - This paper develops a linear and tractable model of financial bubbles. I demonstrate the application of the linear model and study the root causes of financial bubbles. Moreover, I derive leading properties of bubbles. This model enables investors and regulators to react to market dynamics in a timely manner. In conclusion, the linear model is helpful for the empirical verification and detection of financial bubbles. KW - financial bubbles KW - linear model KW - econophysics Y1 - 2015 U6 - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-4891 UN - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-4891 UR - http://www.scienpress.com/Upload/JAFB/Vol%205_3_2.pdf SN - 1792-6580 SS - 1792-6580 VL - 5 IS - 3 SP - 17 EP - 26 S1 - 10 PB - Scienpress CY - London ER -