With the increasing competitive importance of scientific innovations associated with the new economy it has become critical to understand the dynamics of its' firm growth during this early and potentially critical stage of development. This study analyses the relationship between firm size and...

Das Wirtschaftswachstum bleibt ein wichtiger Indikator der Gesellschafts- und Beschäftigungsentwicklung. Neben der technologischen Entwicklung wird das Wirtschaftswachstum durch die internationalen Trends, die Entwicklung und Nutzung des Arbeitskräftepotenzials und die wirtschaftspolitische...

Over-allotment arrangements are nowadays part of almost any initial public offering. The underwriting banks borrow stocks from the previous shareholders to issue more than the initially announced number of shares. This is combined with the option to cover this short position at the issue price....

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...