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applied to an Euler equation model of firm investment behaviour with imperfectly competitive product markets for a small panel … constants are provided. Whereas the estimation results from the usual GMM estimator would contradict the theory, the empirical …
Persistent link: https://www.econbiz.de/10010297550
In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to … simple reason cannot be estimated: parts of the explanatory variables are perfectly collinear. For estimation purposes at …
Persistent link: https://www.econbiz.de/10010297566
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
Die Ergebnisse der multivariaten Analysen zur Beschäftigungsdynamik und dem Wachstumspotential junger innovativer Unternehmen lassen erkennen, daß junge innovative Unternehmen signifikant höhere Wachstumsraten erzielen als junge Unternehmen mit traditionellen Produkten. Die Abschätzung der...
Persistent link: https://www.econbiz.de/10010297577
In April 1995, 5.3 million people in Germany were on the lookout for a new job opportunity. 177,000 or nearly 3% of those were searching for an opportunity to get self-employed. In this study the determinants of the lookout for selfemployment in lieu of wage work are investigated separately for...
Persistent link: https://www.econbiz.de/10010297606
This empirical analysis deals with the determinants of growth and the explanation of variations in the growth between innovative and non-innovative start-ups. Based on theoretical models explaining the growth of firms, hypotheses on potential determinants are formulated. The regression results...
Persistent link: https://www.econbiz.de/10010297608
This paper analyzes the medium-term growth performance of firms that exclusively received start-up assistance from programs administered by the Deutsche Ausgleichsbank (DtA), a state owned bank, within two years after startup. I apply a parametric selection approach that controls for two...
Persistent link: https://www.econbiz.de/10010297759
. Differences between high-tech and low-tech industries as well as the impact of other investors are analyzed. The estimation …
Persistent link: https://www.econbiz.de/10010298119
The effect of innovations on employment at the firm level is theoretically ambiguous. The present paper analyses this relationship using panel data on German start-up firms as well as German patent data. It employs different indicators of patenting activity. By applying fixed-effects and...
Persistent link: https://www.econbiz.de/10010297413
The paper deals with growth determinants of innovative and noninnovative start-ups in Eastern and Western Germany. Based on theoretical approaches explaining the growth of firms, hypotheses on potential determinants are derived. The empirical results indicate strong correlations between average...
Persistent link: https://www.econbiz.de/10010297611