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We investigate the interdependence of debt financing and R&D activities of young firms.Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firmcharacteristics are more important than personal characteristics of the founders for explainingyoung firms’...
Persistent link: https://www.econbiz.de/10009486988
We examine the role of spatial proximity for Venture Capital (VC) investments inGermany. The main database is a survey of 85 personal interviews withrepresentatives of different types of financial institutions. The analysis shows thatspatial proximity is far less important for VC investments...
Persistent link: https://www.econbiz.de/10005864108
for 1998-20032. High quality of property rightsincreases both the total volume of finance and the use of external finance … for theindividual start-up. The size of the formal financial sector affects the start-up finance viaenhancing the volume … of self-finance. In addition, the use of external finance by start-upscorrelates with the extent of financial …
Persistent link: https://www.econbiz.de/10005868069