This paper deals with the empirical investigation of the question as to which type of venture capital (VC) companies determines the growth and survival of istics of VC companies as additional factors that explain the high variation of the employment growth rate of portfolio firms and their...

This paper analyses the effects of private equity firms on the investments and financial constraints of their portfolio firms. We use dynamic panel data techniques to account for unobserved firm heterogeneity and endogeneity of private equity backed buyouts and expansion financing, and apply our...

This article evaluates the research and development (R&D) enhancing effects of two large public grant schemes for the German biotechnology industry (BioRegio and BioProfile). Both grant schemes are organized in the form of contents for cooperation and aimed at fostering the performance of...

In diesem Beitrag untersuchen wir das Standortwahlverhalten der Gründer von Biotech-Unternehmen in Deutschland. Hierzu verwenden wir Individualdaten aus dem ZEW Unternehmenspanel und aggregieren diese auf Ebene der 97 Raumordnungsregionen. Die deskriptiven Befunde geben Hinweise auf eine hohe...

Regions with biotechnology-specific knowledge seem to have best chances to attract potential entrepreneurs to establish a biotechnology-firm. The BioRegio contest (BRC) aims to stimulate the creation process of biotechnology clusters in these regions. The multivariate analysis shows that BRC...

This paper studies the internationalization behaviour of French companies using more than 330,000 observations for three two-year intervals. We analyse the ‘symmetric’ role of productivity and other major firm attributes to characterize companies that enter into and exit from foreign...

Statements emphasizing the major contribution of the small and medium sized enterprises (SMEs) for net job creation are quite frequent. Concerning the current definition of SMEs provided by the European Commission (EC), this paper makes a first attempt to approximate SMEs’ contribution to net...

The paper deals with the analysis of causal effects of venture capital finance for new firms' growth. The crucial criterion for venture capitalists to invest in young firms is the expectation of growth of those investments. Hence, selection biases between the group of venture-backed firms and...