60f Kanniainen, Vesa [WorldCat Identities]
WorldCat Identities

Kanniainen, Vesa

Overview
Works: 257 works in 524 publications in 2 languages and 1,287 library holdings
Genres: Conference papers and proceedings  Academic theses 
Roles: Author, Contributor, Editor, Other, Honoree
Classifications: HG4751, 332.04154
Publication Timeline
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Most widely held works by Vesa Kanniainen
Venture capital, entrepreneurship, and public policy by Vesa Kanniainen( Book )

8 editions published between 2005 and 2007 in English and held by 274 WorldCat member libraries worldwide

"This volume in the CESifo Seminar Series brings together experts in public and financial economics to develop a theoretically and empirically informed international policy perspective for an era in which policymakers increasingly look to venture capital as a source of jobs, innovation, and economic growth."--Jacket
Start-up investment with scarce venture capital support by Vesa Kanniainen( Book )

20 editions published between 2001 and 2002 in English and German and held by 53 WorldCat member libraries worldwide

Start-up entrepreneurs are often commercially inexperienced. In giving managerial advice, venture capitalists can importantly enhance the success of innovative but highly risky ventures. The supply of experienced venture capitalists is not easily increased, however. When the rate of business formation accelerates, the incumbent venture capitalists tend to include more firms in their portfolio which dilutes the quality of advice, making project risks excessively high in the short-run. The supply of advisory capacity eventually becomes more elastic as new venture capitalists are attracted to the industry. Company portfolios then tend to become more focused again, the quality of advice is restored and the risk of business failure declines
The demand for money, other liquid assets and short-term credit by Finnish firms by Vesa Kanniainen( Book )

8 editions published in 1976 in English and held by 42 WorldCat member libraries worldwide

Firms' ethics, consumer boycotts, and signalling by Amihai Glazer( )

10 editions published in 2008 in English and German and held by 40 WorldCat member libraries worldwide

This paper develops a theory of consumer boycotts. Some consumers care not only about the products they buy but also about whether the firm behaves ethically. Other consumers do not care about the behavior of the firm but yet may like to give the impression of being ethical consumers. Consequently, to affect a firm's ethical behavior, moral consumers refuse to buy from an unethical firm. Consumers who do not care about ethical behavior may join the boycott to (falsely) signal that they do care. In the firm's choice between ethical and unethical behavior, the optimality of mixed and pure strategies depends on the cost of behaving ethically. In particular, when the cost is (relatively) low, ethical behavior arises from a prisoners' dilemma as the firm's optimal strategy
Imperfect transmission of tacit knowledge and other barriers to entrepreneurship by Vesa Kanniainen( )

7 editions published in 2007 in English and held by 33 WorldCat member libraries worldwide

This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate entry cost, there are entry costs caused by regulation. Second, union wage policies raise the opportunity cost of entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon & rsquo;s market. This problem becomes relevant when the economic life of a business idea exceeds the active life of an entrepreneur
Bequests, control rights, and cost-benefit analysis by Amihai Glazer( Book )

9 editions published between 1995 and 2001 in English and held by 32 WorldCat member libraries worldwide

Consider a public project which produces a consumption good and which benefits future generations. Let a conventional cost-benefit analysis find that it gives higher benefits than projects it would dis-place in the private sector. Voters may nevertheless oppose the public project: the combination of a desire to control bequests and the lack of control over who gets benefits from a public project makes the public project unattractive. In contrast, private projects have owners, allowing parents to control whether their children will receive the benefits from such projects. Parents can therefore better influence the behavior of their children when they have the option of giving the children title to private projects
Entrepreneurship in a unionised economy by Vesa Kanniainen( Book )

8 editions published in 2000 in English and held by 29 WorldCat member libraries worldwide

Entrepreneurship, economic risks, and risk insurance in the welfare state results with OECD data 1978 - 93 by Pekka Ilmakunnas( Book )

7 editions published in 2000 in English and held by 28 WorldCat member libraries worldwide

We find evidence in the OECD cross-country data to support the Knightian view that non-diversifiable economic risks shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD data. Weak evidence is found for the proposition that the rate of entrepreneurship is related to the degree of income inequality and to the union power in the economy. The results also suggest that a high living standard has a detrimental effect on self-employment
Term length and the quality of appointments by Amihai Glazer( Book )

7 editions published in 2000 in English and held by 27 WorldCat member libraries worldwide

The optimal portfolio of start-up firms in venture capital finance by Vesa Kanniainen( Book )

7 editions published in 2000 in English and held by 27 WorldCat member libraries worldwide

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes unprofitable
Income taxes, property values, and migration by Amihai Glazer( Book )

11 editions published between 2003 and 2008 in English and held by 26 WorldCat member libraries worldwide

We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the rich to reduce rents earned by absentee landlords. When the rich are mobile, a tax on them induces little migration because the tax will reduce the rents on land inhabited by the rich. A race to the bottom need not appear
The effects of employment protection on the choice of risky projects by Amihai Glazer( Book )

8 editions published between 2000 and 2002 in English and held by 24 WorldCat member libraries worldwide

We consider a firm that is subject to employment protection laws that limit the firm's ability to fire labor. In particular, we suppose that though a firm which shuts down can fire all its workers, it may fire no fewer. Compared to a firm that is subject to no employment protection, a firm constrained in firing will prefer a risk-free project over a risky one, but may prefer the riskier of two risky projects
Innovation of network goods a non-innovating firm will gain by Amihai Glazer( Book )

5 editions published in 2002 in English and held by 23 WorldCat member libraries worldwide

We consider duopolists innovating and producing a good subject to network externalities, so that the reservation price of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub-networks, with increased network valuation of the new product. When the non-innovating firm enjoys a larger profit than when neither firm innovates, free-riding on the winner's network as a public good arises. With such a network spillover, duopolists may underinvest in innovation
Initial luck, status seeking and snowballs lead to corporate success and failure presented at CESIfo Area Conference on Industrial Organisation, March 2004 by Amihai Glazer( Book )

10 editions published in 2004 in English and held by 22 WorldCat member libraries worldwide

Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time
Why to invest in your neighbor? social contract on educational investment by Panu Poutvaara( Book )

6 editions published in 1999 in English and held by 22 WorldCat member libraries worldwide

Enterprise formation and labor market institutions by Vesa Kanniainen( Book )

5 editions published in 2000 in English and held by 21 WorldCat member libraries worldwide

Nordic dual income taxation of entrepreneurs by Vesa Kanniainen( Book )

7 editions published between 2005 and 2007 in English and held by 20 WorldCat member libraries worldwide

The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their effort and investments. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on mature firms where the uncertainty is resolved. That is why the neutrality results of dividend taxation from mature company theory do not carry over to start-up enterprises. The Nordic dual model encourages (discourages) the establishment of new enterprises by entrepreneurs who anticipate high (low) profitability
Anonymous money, moral sentiments and welfare by Vesa Kanniainen( Book )

6 editions published in 2004 in English and held by 20 WorldCat member libraries worldwide

Some markets are prone to develop shadow transactions for the purpose of tax avoidance. Moral sentiments control the allocation of consumers between the legal and illicit markets. Such sentiments include self-esteem and social disapproval. The market solution leads to fiscal externality resulting from tax avoidance and highlights the conflict between private opportunism and collective values. Shadow markets may, however, enhance consumer welfare by limiting the pricing power of firms and by controlling tax collection. The paper develops a model of endogenous segmentation of markets between moral and immoral behavior. The legal producer can price the self-esteem of honest people, who can blackmail the legal producer with their option of visiting the illicit market. The model has implications for monetary economics: moral sentiments, tax rates, illegal transactions, and probability of being caught become relevant for the demand for money
Valuation of irreversible entry options under uncertainty and taxation by Luis H. R Alvarez( Book )

7 editions published in 1997 in English and held by 19 WorldCat member libraries worldwide

Tax neutrality: illusion or reality? the case of entrepreneurship by Vesa Kanniainen( Book )

7 editions published between 2008 and 2013 in English and held by 19 WorldCat member libraries worldwide

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all kinds of income are subject to the same tax rate and a worker's option to become an entrepreneur is accounted for. Similarly, the harsh condition of a uniform tax rate is necessary but not sufficient under "new view" dividend tax, cash flow tax, and ACE tax, so that the occupational choice is not distorted. In any case, informational problems may arise and lead to distortive effects
 
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Audience level: 0.79 (from 0.59 for Venture ca ... to 0.93 for Venture ca ...)

Venture capital, entrepreneurship, and public policy
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Alternative Names
Kanniainen, V. 1948-

Kanniainen, Vesa Lennart 1948-

Vesa Kanniainen eacnamaí Fionlannach

Vesa Kanniainen economista finlandés

Vesa Kanniainen économiste finnois

Vesa Kanniainen ekonomist finlandez

Vesa Kanniainen finnischer Wirtschaftswissenschaftler

Vesa Kanniainen Finnish economist

Vesa Kanniainen Fins econoom

ڤيسا كانياينين

Languages
English (160)

German (3)