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...

Kleine und mittlere Handwerksbetriebe haben selten die Ressourcen, um eine professionelle Personalarbeit umzusetzen. Die Betriebsberater der Handwerkskammern können ihnen dabei als externe Unterstützer helfen, ihre Personalarbeit zu professionalisieren. Die Autoren beschreiben, wie die...

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...