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owners since they have not yet accumulated retained earnings and can relay less on outside financing. The positive influence … is found for R&D intensity but not for the decision whether to perform R&D. Equity financing is therefore especially …
Persistent link: https://www.econbiz.de/10010297522
We analyze the relationship between managerial ownership and company performance, testing the incentive and entrenchment hypothesis. Differently from previous literature, we focus on small and medium-sized private enterprises which constitute an important part of the German economy. We use a...
Persistent link: https://www.econbiz.de/10010297809
owners since they have not yet accumulated retained earnings and can relay less on outside financing. The positive influence … is found for R&D intensity but not for the decision whether to perform R&D. Equity financing is therefore especially …
Persistent link: https://www.econbiz.de/10010298015
owners since they have not yet accumulated retained earnings and can relay less on outside financing. The positive influence … is found for R&D intensity but not for the decision whether to perform R&D. Equity financing is therefore especially …
Persistent link: https://www.econbiz.de/10010299462
Syndication, which is a joint realization of one project/one investment by several capital providers, is a long existing phenomenon that plays a central role in many financial market segments. Within this paper we develop a theoretical model focusing on the dynamic aspect of syndication, namely...
Persistent link: https://www.econbiz.de/10010297486
considerable effects of legal form on financing patterns. Taken together, earlier empirical evidence for stock market firms seems …
Persistent link: https://www.econbiz.de/10010297585
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs … analysis therefore investigates the effects of experience on several aspects of start-up financing. It is based on data from … affects several financing issues. Yet the impacts depend on the kind of experience. With regard to previously failed …
Persistent link: https://www.econbiz.de/10010297930
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs … analysis therefore investigates the effects of experience on several aspects of start-up financing. It is based on data from … affects several financing issues. Yet the impacts depend on the kind of experience. With regard to previously failed …
Persistent link: https://www.econbiz.de/10010297943
venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …
Persistent link: https://www.econbiz.de/10010298721
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market … sensitive to the firms' operating liquidity than D indicating that firms have to rely even more on internal funds for financing …
Persistent link: https://www.econbiz.de/10010299174