Erfolgreiche Neugründungen sind ein bedeutsamer Faktor für die gedeihliche Entwicklung einer Volkswirtschaft. Junge innovative Unternehmen spielen für die rasche Markteinführung und Verbreitung neuer Technologien und Produkte eine Schlüsselrolle. Da Gründer nur selten über genügend...

This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...

The precarious employment situation in the EU has given rise to public policies that aim at giving small and medium-sized enterprises (SMEs) better access to finance. SMEs may face difficulties due to information problems and other inefficiencies in loan markets. However, the European evidence...

This paper explores empirically the effect of consolidation in the French banking industry and of Basel II on the availability of credit for small and medium-sized enterprises (SMEs). Consolidation has been associated with an increase in the number of banks the average firm borrows from and this...

The question of leasing credit as a substitute or complement of a banking loan has still not been resolved in the financial literature. As a continuation of these arguments, the objective of this article is, on the one hand, to determine the characteristics of firms using leasing credit and on...

Unternehmerinnen und Gründerinnen sind eine Minderheit unter den Geschäftskunden einer Bank. Wissenschaftliche Studien über traditionelle Kreditmärkte zeigen für Unternehmerinnen oft eine im Vergleich zu Unternehmern geringere Wahrscheinlichkeit für eine Kreditzusage oder höhere...

This paper analyses the impact that firms financial position has on investment decisions using panel data from a large sample of non-financial corporations(around 120,000 firms) in six euro area countries(Belgium, Germany, France, Italy, the Netherlands and Spain). The results indicate that...