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Benefits of Control, capital structure and company growth
Mueller, Elisabeth - 2005
This paper studies the influence of the benefits of control on the capital structure and the growth of private … companies in which existing owners would lose more control if they expanded, have smaller equity increases, are more highly … levered and grow more slowly. Potential loss of control is measured as the difference in the probability of winning a vote for …
Persistent link: https://www.econbiz.de/10010297810
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To Be Financed or Not…: The Role of Patents for Venture Capital Financing
Mueller, Elisabeth; Harhoff, Dietmar; Haeussler, Carolin - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10010298721
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How patenting informs VC investors – The case of biotechnology
Haeussler, Carolin; Harhoff, Dietmar; Mueller, Elisabeth - In: Research Policy 43 (2014) 8, pp. 1286-1298
In the presence of asymmetric information, economic agents need to communicate their quality to investors and other parties. This paper investigates how information generated during the patenting process affects the ability of new ventures to attract VC financing. While much of the literature on...
Persistent link: https://www.econbiz.de/10010906506
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Benefits of Control, capital structure and company growth
Mueller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
This paper studies the influence of the benefits of control on the capital structure and the growth of private … companies in which existing owners would lose more control if they expanded, have smaller equity increases, are more highly … levered and grow more slowly. Potential loss of control is measured as the difference in the probability of winning a vote for …
Persistent link: https://www.econbiz.de/10005097529
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To Be Financed or Not…: The Role of Patents for Venture Capital Financing
Mueller, Elisabeth; Harhoff, Dietmar; Haeussler, Carolin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10005098253
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To Be Financed or Not … - The Role of Patents for Venture Capital Financing
Haeussler, Carolin; Harhoff, Dietmar; Mueller, Elisabeth - Volkswirtschaftliche Fakultät, … - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10005187254
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To Be Financed or Not… - The Role of Patents for Venture Capital Financing
Haeussler, Carolin; Harhoff, Dietmar; Mueller, Elisabeth - C.E.P.R. Discussion Papers - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10005662179
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Mueller, Elisabeth; Zimmermann, Volker - 2006
instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old …
Persistent link: https://www.econbiz.de/10010297522
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The Influence of Strategic Patenting on Companies' Patent Portfolios
Blind, Knut; Cremers, Katrin; Mueller, Elisabeth - 2007
This paper analyses whether strategic motives for patenting influence the characteristics of companies' patent portfolios. We use the number of citations and oppositions to represent these characteristics. The investigation is based on survey and patent data from German companies. We find clear...
Persistent link: https://www.econbiz.de/10010297881
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Zimmermann, Volker; Mueller, Elisabeth - 2007
instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old …
Persistent link: https://www.econbiz.de/10010298015