Based on 1182 dyads of German new ventures and venture capitalists involved in a financing round between 2002 and 2007, we examine the impact of spatial proximity on the likelihood of an investment. We find that with each triplication of journey time the relative likelihood of an investment...

Over the past ten years, private equity and venture capital have played an increasingly important role in the European economy. In parallel to the increase in investments, contribution of the private equity and venture capital industry to employment in Europe has grown. Against this background,...

Das Einmaleins der Unternehmensbewertung. Welche Verfahren sind für junge Unternehmen besonders geeignet? Die Autorinnen erläutern in ihrem neuesten Lehrbuch die wichtigsten Methoden. Klassische Ansätze wie das Multiplikatoren-Verfahren, die Discounted-Cashflow- oder Realoptions-Methode...