This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...

Mikroökonometrische Studien mit Firmendaten aus vielen Ländern zeigen, dass exportierende Firmen eine höhere Produktivität aufweisen als Firmen, die lediglich den jeweiligen Binnenmarkt ihres Sitzlandes beliefern, und dass es einen Selbstselektionsprozess der produktiveren Firmen auf...

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...

Mikroökonometrische Studien mit Firmendaten aus vielen Ländern zeigen, dass exportierende Firmen eine höhere Produktivität aufweisen, als Firmen, die lediglich den jeweiligen Binnenmarkt ihres Sitzlandes beliefern, und dass es einen Selbstselektionsprozess der produktiveren Firmen auf...

In public discussion in Germany it is often argued that jobs are mainly created in small and medium-sized firms (i.e. the Mittelstandʺ), whereas large firms tend to reduce their number of jobs. An empirical analysis for the period 1999 to 2005 with data of all western and eastern German firms...

In public discussion in Germany it is often argued that jobs are mainly created in small and medium-sized firms (i.e. the Mittelstandʺ), whereas large firms tend to reduce their number of jobs. An empirical analysis for the period 1999 to 2005 with data of all western and eastern German firms...

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...

Das Schwerbehindertengesetz verpflichtete in seiner bis 30.9.2000 gültigen Fassung alle Arbeitgeber ab 16 Beschäftigten, sechs Prozent der Arbeitsplätze mit Schwerbehinderten zu besetzen, ansonsten war für jeden nicht entsprechend besetzten Arbeitsplatz eine Ausgleichsabgabe von monatlich...