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...

This study updates the annual comparative analysis of the performance and structures of the German science system. We use several bibliometric indicators of productivity and academic impact to assess Germany's performance for the period 1995-2020 compared against 22 countries and the EU13, EU14,...