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Bankruptcy and Voluntary Liquidation: Evidence for New Firms in East and West Germany after Unification
Prantl, Susanne - 2003
: entrepreneurial self-selection via voluntary liquidation and external selection based on insolvency regulation. Distinguishing between … and West Germany, I find distinct education and size effects and a higher share of bankruptcy-related liquidations in East … Germany. These results are argued to reflect different industry structures, capital and labor market conditions in both parts …
Persistent link: https://www.econbiz.de/10010297338
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Firm Closure, Financial Losses and the Consequences for an Entrepreneurial Restart
Metzger, Georg - 2008
Many entrepreneurs who close a business are actually willing to venture anew. However, to realize a restart is not only a matter of willingness on the part of the entrepreneur but also of its feasibility. Regarding the feasibility of a restart, the aspect of capital acquisition might be...
Persistent link: https://www.econbiz.de/10010298670
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The shadow of death: an empirical analysis of the pre-exit performance of young German firms
Almus, Matthias - 2000
This paper makes an empirical contribution to confirm the stylized fact that the performance of firms deteoriates in the years before exit. For this reason we evaluate whether market exits differ significantly in their employment development in the years before market drop-out compared to...
Persistent link: https://www.econbiz.de/10010297707
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The competitive effects of firm exit: Evidence from the US airline industry
Hüschelrath, Kai; Müller, Kathrin - 2012
1995 and 2010. Applying fixed effects regression models we find that route exits due to liquidation lead to substantially …
Persistent link: https://www.econbiz.de/10010309239
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University research alliances, absorptive capacity, and the contribution of startups to employment growths
Toole, Andrew A.; Czarnitzki, Dirk; Rammer, Christian - 2014
This paper examines how university research alliances and other cooperative links with universities contribute to startup employment growth. We argue that 'scientific absorptive capacity' at the startup is critical for reaping the benefits from university research alliances, but not necessarily...
Persistent link: https://www.econbiz.de/10010427003
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University spinoffs and the 'performance premium'
Czarnitzki, Dirk; Rammer, Christian; Toole, Andrew A. - 2013
typically treat these 'university' spinoffs like industry startups. However, when university spinoffs involve an employment … social cost than the creation of an industry startup. To offset this higher social cost, university spinoffs must produce a … larger stream of social benefits than industry startups, a performance premium. This paper outlines the arguments why the …
Persistent link: https://www.econbiz.de/10010311158
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University spinoffs and the 'performance premium'
Czarnitzki, Dirk; Rammer, Christian; Toole, Andrew A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
typically treat these 'university' spinoffs like industry startups. However, when university spinoffs involve an employment … social cost than the creation of an industry startup. To offset this higher social cost, university spinoffs must produce a … larger stream of social benefits than industry startups, a performance premium. This paper outlines the arguments why the …
Persistent link: https://www.econbiz.de/10010957596
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University research alliances, absorptive capacity, and the contribution of startups to employment growths
Toole, Andrew A.; Czarnitzki, Dirk; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper examines how university research alliances and other cooperative links with universities contribute to startup employment growth. We argue that 'scientific absorptive capacity' at the startup is critical for reaping the benefits from university research alliances, but not necessarily...
Persistent link: https://www.econbiz.de/10011071765
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From soft and hard-nosed bankers: bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10010299467
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Business closure and financial loss: Who foots the bill? Evidence from German small business closures
Metzger, Georg - 2010
This paper explores how different reasons for business closure impact the probability that financial loss will be suffered by creditors. Using German small business data, the study finds that business closure due to financial problems is strongly correlated with a likelihood of financial loss....
Persistent link: https://www.econbiz.de/10010300384