Based on 1182 dyads of venture capitalists and German portfolio companies involved in a financing round between 2002 and 2007, the study here examines the importance of spatial proximity between investors and investees in a dense economy. Analysis of this data shows that the probability of a...

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...

We investigate relationships between the industry relatedness of venture capital-backed companies and their strategic acquirer in trade sales and the achieved investment returns of venture capitalists. Using a proprietary data set of 716 trade sales, we analyze return differences between lateral...

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...

Based on 1182 dyads of venture capitalists and German portfolio companies involved in a financing round between 2002 and 2007, we examine the importance of spatial proximity between investors and investees in a dense economy. We find that the probability of a financing relationship decreases by...