Our research, based on the ZEW-Foundation Panel East, examines whether high-tech start-ups are mainly founded in scientific and infrastructural well suited regions or not. Estimation results on the level of postcode areas confirm the hypothesis that specific human capital, knowledge spillovers...

This empirical analysis deals with the determinants of growth and the explanation of variations in the growth between innovative and non-innovative start-ups. Based on theoretical models explaining the growth of firms, hypotheses on potential determinants are formulated. The regression results...

Diese Studie versucht Eigenschaften zu identifizieren, die das Beschäftigungswachstum junger deutscher Unternehmen in den neunziger Jahren beeinflussen. Um für die unterschiedlichen wirtschaftlichen Rahmenbedingungen zu kontrollieren, werden die empirischen Analysen getrennt für Ost- und...

New firm set ups, especially in High Tech industries, can give important impulses for the technological development and the catch up process in the Neuen Bundes1aender. The paper at hand gives an overview about the formation behaviour considering the preconditions of the former German Democratic...

This paper analyses the effects of the creation or removal of borders on firms' profits and their optimal location in an autarkic region. A firm chooses a position close to a border if a crucial degree of openness is achieved. Furthermore, the positive effect of removal of borders decreases in...

The determinants of transitions between different states of financial distress are analyzed using two versions of Markov chain models: a multinomial logit model without random effects and a multinomial logit model capturing such unobservable factors. The empirical analysis is based on a panel...

In this paper, we analyse the influence of firm characteristics and the regional environment on employment growth of East German manufacturing firms between 1992 and 1996. Our results confirm the negative impact of firm size and age on employment growth found in various studies for several...