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Loan availability and investment : can innovative companies better cope with loan denials?
Müller, Elisabeth; Reize, Frank - 2010
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10003961525
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Firm closure, financial losses and the consequences for an entrepreneurial restart
Metzger, Georg (contributor) - 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/10003777860
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Short-term borrowing for long-term projects : are family businesses more susceptible to “irrational” financing choices?
Peters, Bettina; Westerheide, Peter - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and …
Persistent link: https://www.econbiz.de/10008901888
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How do banks screen innovative firms? : Evidence from start-up panel data
Brown, Martin; Degryse, Hans; Höwer, Daniel; Penas, … - 2012
difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of … credit for start-up firms, but that banks rely less on external rating information in their decision making for high … report less difficulties in getting credit. By contrast, a greater expertise of the bank in the firm’s industry is not …
Persistent link: https://www.econbiz.de/10009540878
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Innovation success of non-R&D-performers : substituting technology by management in SMEs
Rammer, Christian (contributor);  … - 2008
This paper investigates the impact of in-house R&D and innovation management practices on innovation success in small and medium-sized firms (SMEs). While there is little doubt about the significance of technology competence for generating successful innovations, inhouse R&D activities may be a...
Persistent link: https://www.econbiz.de/10003777851
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Hidden champions - how young and small technology-oriented firms can attain high export-sales ratios
Fryges, Helmut (contributor) - 2006
Determinants of a firm's export-sales ratio (degree of internationalisation) are frequently discussed in the literature related to individual firms' export activities. Stylised facts show a positive relationship between firm size and firm age on the one hand and the firm's export-sales ratio on...
Persistent link: https://www.econbiz.de/10003338001
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The impact of innovation on employment in small and medium enterprises with different growth rates
Zimmermann, Volker (contributor) - 2008
This article examines the impact of innovation on employment growth in innovating small and medium enterprises using a quantile regression approach. The key findings are that innovation has a positive effect on employment in both growing and shrinking firms. The impact of innovation on employee...
Persistent link: https://www.econbiz.de/10003806158
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The importance of equity finance for R&D activity : are there differences between young and oldcompanies?
Müller, Elisabeth (contributor);  … - 2008
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003888735
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Do direct R&D subsidies lead to the monopolization of R&D in the economy?
Czarnitzki, Dirk; Ebersberger, Bernd - 2010
This paper explores the impact of R&D subsidies on the concentration of R&D in an economy. First, governments are often criticized of subsidizing predominantly larger firms and thus contribute to persistence of leadership in markets and higher barriers to entry, and, hence, reduced competition...
Persistent link: https://www.econbiz.de/10008701446
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The importance of equity finance for R&D activity : are there differences between young and oldcompanies?
Müller, Elisabeth (contributor);  … - 2007 - Rev. version
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003671082