Showing 1 - 10 of 17,460
Persistent link: https://www.econbiz.de/10011695831
The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...
Persistent link: https://www.econbiz.de/10010264956
Deutschland als auch im Ausland primär von der gesellschaftsrechtlichen Ausgestaltung der Beteiligungsstruktur und von der …
Persistent link: https://www.econbiz.de/10010310904
not obviously so. Indeed in one important respect Germany looks worse. When there are major changes of ownership, the …
Persistent link: https://www.econbiz.de/10011506553
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
Persistent link: https://www.econbiz.de/10010297800
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010286852
, Beteiligungsfinanzierung, Gesellschafterfremdfinanzierung und Fremdfinanzierung durch Dritte betrachtet. Es zeigt sich, dass die optimale … Germany after the German Tax Reform Act 2008. For this purpose self-financing, equity financing, debt financing and partner …
Persistent link: https://www.econbiz.de/10010300113
are lacking in Germany, we know from empirical studies that entry rates differ between regions, and that the propensity to …
Persistent link: https://www.econbiz.de/10010262745
This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score … acquisitions to account for a general takeover effect. The study is based on new high-quality panel data for manufacturing … Germany which find significant productivity improvements and no changes in terms of employment. These findings are of …
Persistent link: https://www.econbiz.de/10010294459
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10010294465