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statistical matching procedure an adequate control group for comparison with the group of venture-backed firms is drawn. The …
Persistent link: https://www.econbiz.de/10013428417
that drive both selection into public subsidies as well as into VC financing through econometric matching techniques, we …
Persistent link: https://www.econbiz.de/10012389514
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups’ access to...
Persistent link: https://www.econbiz.de/10012622932
Persistent link: https://www.econbiz.de/10011737765
In diesem Artikel prognostizieren wir Insolvenzwahrscheinlichkeiten von kleinen und mittleren Unternehmen, die bislang noch keine hinreichende Beachtung gefunden haben, obwohl diese Unternehmen besonders insolvenzgefährdet sind. Die Schwierigkeit bei der Insolvenzprognose von kleinen und...
Persistent link: https://www.econbiz.de/10011619995
COVID-19 placed a special role to fiscal policy in rescuing companies short of liquidity from insolvency. In the first … months of the crisis, SMEs as the backbone of Europe’s real economy benefited from large and mainly indiscriminate aid … focusing on firms’ pre-crisis financial standing, we estimate the extent to which the policy response induced an insolvency gap …
Persistent link: https://www.econbiz.de/10012434436
During the last years more and more discussions came up about the contribution of technology-oriented and technology-intensive industries for the economic development and employment. One reason for these contradictory evaluations of technology-intensive industries can be attributed to different...
Persistent link: https://www.econbiz.de/10011620522
Persistent link: https://www.econbiz.de/10013428011
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...
Persistent link: https://www.econbiz.de/10013428391
In this paper, we report results of an ongoing empirical analysis of firm dynamics in East Germany. After discussing specifics of a newly available data set with information on more than 100.000 firms, we analyze patterns of business starts and failures. Furthermore, we present preliminary...
Persistent link: https://www.econbiz.de/10011622666