We review and evaluate the international literature on activity-based funding of health services,focussing especially on experience in Australia (Victoria), Denmark, Norway and Sweden. Inevaluating this literature we summarise the differences and pros and cons of three different...

We test whether firms with a single bank are better shielded from loss of credit and investment cutsin periods of adverse cash flow shocks than firms with multiple bank relationships. Our estimatesof the cash flow sensitivity of investment show that both types of firms are equally subject...

Financial constraints have been found to play an important role on various aspects of firmbehavior. Yet, their effects on firm survival have been largely neglected. We use a panel of9420 newly established UK firms over the period 1997-2002 to study the effects offinancial variables on firms´...

This Report was commissioned to identify the importance of business angel investment in the UK, summarise previous approaches to mapping the scale and scope of the business angel market, identify new approaches to measuring business angel activity and assess the implications for policy.A...

Im Oktober 2005 erschien zum vierten Maldie Studie -Mind - Mittelstand in Deutschland,durchgeführt von impulse und dem DeutschenSparkassen- und Giroverband und wissenschaftlichbegleitet vom Institut für MittelstandsforschungBonn. Mit Hilfe persönlicher Interviews wurden 1150unternehmerisch...

Im Laufe der letzten Jahre haben sich die Finanzierungsbedingungen für Unternehmen deutlich verschlechtert. So gaben in einer jährlich erschei-nenden Studie der Kreditanstalt für Wiederaufbau (KfW Mittelstands-bank) 45 Prozent der befragten Unternehmer an, dass die Kreditauf-nahme schwieriger...

Bereits 1970 betrug der Anteil des Leasings an den Investitionsfinanzie-rungen drei Prozent, heute sind es bereits 17 Prozent mit zunehmender Tendenz. Der größte Anteil entfällt auf Mobilien mit ca. 90 Prozent. Bei einer Umfrage zur künftigen Bedeutung von alternativen...

Buy-outs and MBOs in particular underwent a rapid development during the last decade in the USA and the UK as well. In comparison Germany's buy-out-scene has to be characterized as less developed concerning number and size of deals. The aim of the working group was to find out wich conditions...

Following a positive shock, financing constraints will prolong or impede economic expansionthat would have been optimal in an unconstrained environment. The study ofdynamic adjustment therefore offers a direct way of verifying the presence of financingconstraints and assessing their consequences...