Der formelle Markt für Venture Capital hat in Deutschland, wie die Wachstumsraten der Investitionen in diesem Bereich belegen, innerhalb des letzten Jahrzehnts enorm an Relevanz gewonnen. Dementsprechend zahlreich sind auch theoretische und empirische Untersuchungen zu verschiedenen...

Der Beitrag ist wie folgt aufgebaut. In Abschnitt 2 wird zunächst der Begriff des Going Private definiert und anhand kurzer Ausführungen zu den handelnden Akteuren Einblicke in die Funktionsweise des deutschen Going Private-Marktes vermittelt. In Abschnitt 3 wird die zu überprüfende...

We derive and estimate an econometric model of export versus foreign production using firm-level data on foreign activities of German multinationals. Proximity-concentration theory which we derive our model from shows that firms face a trade-off between concentrating their production at home to...

Recent theoretical works suggest that migrants carry their social networks when moving across borders and that they bridge the information gap between partner countries. We derive a theoretical model where migrants reduce informational trade barriers and thus enhance exports. The model is...

The Scale-Efficiency version of the Efficient-Structure Hypothesis and the Structure-Conduct-Performance Hypothesis find empirical support in German banking data from 1998 to 2002. Due to the acceptance of the two hypotheses and the existence of overall economies of scale, we conclude that...

In this paper we empirically investigate the theoretical results obtained in Zaby (2009). From the theoretical model, which introduces the decision to patent into a setting with horizontally differentiated products we deduce several hypotheses and test these empirically. We find that the...

This paper empirically investigates a firm's propensity to patent. It thereby builds on a theoretical model on a firms' patenting decision in a market with vertically differentiated products. We deduce and empirically test several hypotheses from the theoretical results regarding patenting and...

Die präsentierte Studie untersuchte Bestimmungsgründe der F&E-Tätigkeit von deutschen Industrieunternehmen im Zeitraum von 1992 bis 2000. Die modelltheoretischen Analysen dienten dazu, testbare Hypothesen über wesentliche Einflussfaktoren und deren Wirkungsrichtungen auf die F&E-Aktivitäten...

Based on an extended game-theoretic innovation-race model, we derive some Schumpeterian hypotheses of the impact of technological rivalry, market power, technological opportunities and market size on the timing of product and process innovations. Using innovation data at the firm level in the...