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Explaining the Regional Distribution of New Economy Firms; A Count Data Analysis

Dohse, Dirk; Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2003

Although there is a host of literature on the locational choice of traditional economy firms, relatively little is known about the locational needs and preferences of new economy firms. Therefore, the current paper provides an empirical analysis of the factors determining the regional...

Persistent link: https://www.econbiz.de/10005700573

European Integration and the Case for Compensatory Regional Policy

Krieger-Boden, Christiane - Institut für Weltwirtschaft (IfW) - 2002

The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing … and polarization of European regions may result from this process, and may entail a growing core-periphery-divide of … regional income. Such a supposition evokes questions on the need of an accompanying compensatory regional policy and its …

Persistent link: https://www.econbiz.de/10005566199

Jüngere Entwicklungen auf dem Risikokapitalmarkt für Biotechnologie in Deutschland

Schudy, Simeon - Institut für Weltwirtschaft (IfW) - 2006

Die Bedeutung von Risikokapital für innovative Industrien wurde in der Literatur vielfach hervorgehoben. Der vorliegende Beitrag stellt die Entwicklungen des deutschen Risikokapitalmarktes für Biotechnologie im Zeitraum 1995-2005 dar und geht auf regionale Unterschiede ein. Der...

Persistent link: https://www.econbiz.de/10005755172

Venture Capital in Europe's Common Market: A Quantitative Description

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2001

This paper offers a quantitative description of European private equity markets and compares the recent development in … investors.<p> European markets for private equity have experienced substantial growth at the end of the 1990s and so has the US …

Persistent link: https://www.econbiz.de/10005076094

The Impact of Public Subsidies on Venture Capital Investments in Start-Up Enterprises

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2000

The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make...

Persistent link: https://www.econbiz.de/10005700500

Sources of Funds and Specialization Patterns of European Venture Capital Investments

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2004

. Based on a panel data set of Western European countries, the results of the analysis show that sources of funds and …

Persistent link: https://www.econbiz.de/10005700556

Venture Capital and Asymmetric Information in an Evolutionary Framework

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 1999

The paper analyzes the impact of information asymmetries between intermediaries and savers in open economies in a stochastic model that uses computer simulation. The model features two sectors producing two types of consumer goods and two sectors producing two typos of intermediate inputs (soft...

Persistent link: https://www.econbiz.de/10005566196

Comparative Advantages of Public Loan and Public Equity Schemes in Venture Capital Markets

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2002

Using an agency framework, this paper examines advantages of offering venture capitalists a choice between public equity and loan schemes. Both schemes can be used to promote venture capital investments in hightechnology enterprises since they encourage inexperienced venture capitalists to...

Persistent link: https://www.econbiz.de/10005755149

Path Dependencies in Venture Capital Markets

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2002

This paper examines the impact of venture capitalistsÂ’ reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track...

Persistent link: https://www.econbiz.de/10005755187

Venture Capitalists Investment Incentives Under Public Equity Schemes

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2002

This paper analyses the impact of public equity schemes on venture capitalistÂ’s incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up...

Persistent link: https://www.econbiz.de/10005755248