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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...
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Hidden Champions (HCs) are small- and medium-sized global market leaders that repeatedly show superior innovation … transformation than non-HCs firms. To test this hypothesis, I use data from the Mannheim Innovation Panel. This allows me to identify …
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product development process. HCs do not invest more into innovation, but achieve higher innovation success. The higher …
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This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
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