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Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...
Persistent link: https://www.econbiz.de/10010261487
investors. In a famous study by La Porta et al. (1998) it is concluded that the rights of shareholders are more advanced in … for equal treatment of shareholders. Moreover, we review the spezial rules of minority protection in our Companies Act to … provide a broader view of the legal landscape that Finnish minority shareholders inhabit. In passing, we make some comparisons …
Persistent link: https://www.econbiz.de/10010285271
In June 2005, a questionnaire survey was sent to 9000 companies in the Kansai Area (Osaka, Kyoto and Hyogo), the second largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire survey. The greatest feature of this study is that,...
Persistent link: https://www.econbiz.de/10010332431
This paper reviews the major finance-related causes of private under-investment in innovation and the consequent …
Persistent link: https://www.econbiz.de/10011435227
the scale of fundraising and investment activity that the country’s GDP share in Europe predicts. For the scale of …
Persistent link: https://www.econbiz.de/10010285043
This paper evaluates the evolution of European venture capital investments since 1990, using the distribution dynamics methodology. It tests and rejects the hypothesis that the international allocation of venture capital investments is driven by a pathdependent process of agglomeration, in which...
Persistent link: https://www.econbiz.de/10010265425
start-up enterprises if future losses of the start-up investment are partly covered by the government. …
Persistent link: https://www.econbiz.de/10010260453
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
This paper aims to analyze the impact of different types of venture capitalists on the performance of their portfolio firms around and after the IPO. We thereby investigate the hypothesis that different governance structures, objectives and track record of different types of VCs have a...
Persistent link: https://www.econbiz.de/10010298255
deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and … periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. …
Persistent link: https://www.econbiz.de/10010298260