Die vorliegende Studie analysiert die Ergebnisse einer bundesweiten Unternehmensbefragung zum Finanzierungsverhalten deutscher KMU. Im Fokus stehen die Verf?gbarkeit konkreter Finanzierungsinstrumente f?r KMU und deren Akzeptanz im Mittelstand. Dies soll die derzeitigen M?glichkeiten und Grenzen...

In terms of risk measurement, probability and quantile risk estimation have developed enormously in the past decade, from value-at-risk measures to coherent measures such as expected shortfall. These measures allow an investor to determine their risk profile accounting for losses (quantiles) at...

The understanding that investments are one of the key factors in the process of reproduction and are also one of the most unstable components of the aggregate demand stipulates the need for effective management of the investment process on the macro as well as micro levels. Investment process...

Surveys continue to highlight that most senior business executives aredissatisfied with the value they believe their organizations are deriving frominvestments in information technology. What is often forgotten is that IT initself has no inherent value. This value must be unlocked, and only...

The understanding that investments are one of the key factors in the process of reproduction and are also one of the most unstable components of the aggregate demand stipulates the need for effective management of the investment process on the macro as well as micro levels. Investment process...

Development economists generally argue that poor countries at their early stages of development are often faced with limited domestic resources for development, and can therefore borrow from the developed nations to boost their rate of growth and development. This financing gap problem, which is...

The purpose of this study is to identify key institutional determinants of firm emergence and growth. We do this using various types of data from Sweden. A characterization of a number of institutions and policy measures shows that they are likely to have contributed to an environment that...

Empirical evidence strongly suggests that R&D increases a firm's “absorptive capacity” (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive capacity...

In this paper we consider the case for subsidies towards firms which generate R&D spillovers in open economies. We show that in the presence of strategic behaviour by firms many expected results are overturned. Local R&D spillovers to other domestic firms may justify an R&D tax rather than a...