Smart capital in German start-ups - an empirical analysis

It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product used and also by the finan-ciers' institutional background, the duration of the investment and the stage of development of the firm being financed.

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Year of publication:	2007-05-07
Authors:	Schaefer, Dorothea ; Schilder, Dirk
Institutions:	Wirtschaftswissenschaftliche Fakultät, Friedrich-Schiller-Universität Jena
Subject:	Smart capital \| start-up financing \| venture capital \| banks

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Extent:	application/pdf
Series:	Jena Economic Research Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2007-015
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; G24 - Investment Banking; Venture Capital; Brokerage ; D21 - Firm Behavior ; M13 - Entrepreneurship ; O16 - Financial Markets; Saving and Capital Investment
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005051036