Showing 1 - 10 of 799
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With a statistical matching procedure we draw an adequate control...
Persistent link: https://www.econbiz.de/10010297278
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
Persistent link: https://www.econbiz.de/10010297800
about 200 young high-tech firms in Germany and the UK that were contacted by two surveys in 1997 and 2003. I find out that …
Persistent link: https://www.econbiz.de/10010297403
There is some controversy on the key sources of success in the private equity model and on how this business model affects the portfolio companies. We investigate financial distress risks of European companies around the buyout event in the period between 2000 and 2008. In addition, we analyze...
Persistent link: https://www.econbiz.de/10010307834
This paper analyses the relationship between firm productivity and export behavior in German manufacturing firms. We examine whether productivity increases the probability of exporting, and assert that there is a causal relationship from high productivity to entering foreign markets, as...
Persistent link: https://www.econbiz.de/10010297328
The relationship between individual firms? export behaviour and firm performance has been studied extensively in the economic literature. However, most studies from the field of economics only distinguish between exporting and non-exporting companies, using the firms? export status as a binary...
Persistent link: https://www.econbiz.de/10010297536
Unternehmen lassen erkennen, daß junge innovative Unternehmen signifikant höhere Wachstumsraten erzielen als junge Unternehmen mit … traditionellen Produkten. Die Abschätzung der Beschäftigungseffekte auf Basis von in den Jahren 1989 und 1990 gegründeten Unternehmen … zeigt darüber hinaus, daß in der Kohorte innovativer Unternehmen aufgrund der im Vergleich zu nicht-innovativen Unternehmen …
Persistent link: https://www.econbiz.de/10010297577
The present paper deals with the question whether 'Gibrat's law' is applicable to firms founded between 1989 and 1996 within the Western German manufacturing sector or not. The underlying assumption is that size of a firm has no in uence on its growth. Growth is rather determined by a process of...
Persistent link: https://www.econbiz.de/10010297605
The paper deals with growth determinants of innovative and noninnovative start-ups in Eastern and Western Germany … external factors on the other side, influencing growth of start-ups in Eastern and Western Germany in different strength …. Higher growth rates can be observed in firms from Western Germany compared with their Eastern German counterparts. Comparing …
Persistent link: https://www.econbiz.de/10010297611
We analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents? ordinal indication of their changes in total sales. We use a firstorder Markov chain...
Persistent link: https://www.econbiz.de/10010297694