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Changing forces of gravity: How the crisis affected international banking

Buch, Claudia M.; Neugebauer, Katja; Schröder, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We … analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German … banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our …

Persistent link: https://www.econbiz.de/10010985662

Skill composition and regional entrepreneurship: a comparative study between Germany and Portugal

Mendonça, Joana; Grimpe, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

member states, different institutional infrastructures for entrepreneurship. Based on a harmonized dataset, our results …

Persistent link: https://www.econbiz.de/10008533679

Matching of Individuals for Start-Ups: A Test of the O-Ring Theory

Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

In this paper I analyse how individuals match for for the purpose of setting up a new firm. As a theoretical basis I use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts that individuals segregate between firms according to their...

Persistent link: https://www.econbiz.de/10005097521

Ability matching and survival of start-ups

Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to education. As a theoretical basis, I apply the O-ring theory...

Persistent link: https://www.econbiz.de/10005027062

Team heterogeneity in startups and its development over time

Kaiser, Ulrich; Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

entrepreneurship research. To assess relative workforce heterogeneity, we construct a simulated benchmark to which we compare observed …

Persistent link: https://www.econbiz.de/10010985639

Corporate main bank decision

Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...

Persistent link: https://www.econbiz.de/10010985659

The interdependence of R&D activity and debt financing of young firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...

Persistent link: https://www.econbiz.de/10010957587

University spinoffs and the 'performance premium'

Czarnitzki, Dirk; Rammer, Christian; Toole, Andrew A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

social costs of entrepreneurship are likely to be higher for academic entrepreneurs and empirically investigates the …

Persistent link: https://www.econbiz.de/10010957596

External capital access and new product launch in start-up firms with uncertain intellectual property rights

Heger, Diana; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Classical patent literature assumes that patents grant well-defined legal rights to exclude others from practicing an invention. In this scenario, start-up companies benefit from the exclusive right to commercialize patent-protected inventions and the certification effect of patents which...

Persistent link: https://www.econbiz.de/10010957765

The effect of broadband infrastructure on entrepreneurial activities: The case of Germany

Heger, Diana; Rinawi, Miriam; Veith, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

This paper investigates whether the local infrastructure favours entrepreneurial activities. Besides the physical and knowledge infrastructure we take into account a county's broadband availability by building an index which accounts for county-related specificities. We find that broadband...

Persistent link: https://www.econbiz.de/10009646615