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On the Role of Entrepreneurial Experience for Start-up Financing: An Empirical Investigation for Germany
Metzger, Georg - 2007
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs …, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of … entrepreneurs, who are of particular interest, the findings indicate that they cut back their financing demand and are more likely …
Persistent link: https://www.econbiz.de/10010297930
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On the Role of Entrepreneurial Experience for Start-up Financing: An Empirical Investigation for Germany
Metzger, Georg - 2007
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs …, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of … entrepreneurs, who are of particular interest, the findings indicate that they cut back their financing demand and are more likely …
Persistent link: https://www.econbiz.de/10010297943
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What do economists tell us about venture capital contracts?
Tykvová, Tereza - 2000
. Entrepreneurs and venture capitalists enter into contracts that influence their behavior and mitigate the agency costs. In …
Persistent link: https://www.econbiz.de/10010297726
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Is the Behavior of German Venture Capitalists Different? Evidence from the Neuer Markt
Tykvová, Tereza - 2003
Using a unique, hand-collected database of all venture- backed firms listed on Germany's Neuer Markt, we analyze the history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can detect significant differences in the behavior and...
Persistent link: https://www.econbiz.de/10010297295
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Who Are the True Venture Capitalists in Germany?
Tykvová, Tereza - 2004
In this paper, we analyze the investment and divestment patterns of different types of venture capitalists. Using a data set em- bracing all venture-backed IPOs that occurred on Germany's Neuer Markt we investigate whether the governance structures, objectives, abilities and track records of...
Persistent link: https://www.econbiz.de/10010297317
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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The Decision of Venture Capitalists on Timing and Extent of IPOs
Tykvová, Tereza - 2003
We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's...
Persistent link: https://www.econbiz.de/10010298130
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Do tax loss restrictions distort venture capital funding of start-ups?
Bührle, Anna Theresa - 2021
Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss carryforwards of start-ups. Accounting for the...
Persistent link: https://www.econbiz.de/10012425534
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Financing and advising early stage startups: The effect of angel investor subsidies
Berger, Marius; Gottschalk, Sandra - 2021
In recent years governments around the world have introduced policies to stimulate investments in early stage entrepreneurial companies, in particular investments by Angel investors. In this paper we study whether introducing subsidies to Angel investors has effects on startups' access to...
Persistent link: https://www.econbiz.de/10012625066
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Corporate main bank decision
Höwer, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...
Persistent link: https://www.econbiz.de/10010985659