Proposing a novel research design for firm-level impact studies, I investigate the effects of venture capital financing on corporate performance by applying a two-stage propensity score matching on Austrian micro-data. Controlling for differences in industry, location, legal status, size, age,...

This paper deals with the topic of related R&D and innovation strategies of large firms. We ask what determines the diversity of a firm's product portfolio. More specifically, we try to explain large firms' expansion into new product markets driven by the characteristics of their technological...

The objective of this study is to determine whether specific industries across countries or within countries are more likely to reach a stage of profitability and make a successful exit. In particular, we assess whether firms in certain industries are more prone to exit via IPO, be acquired, or...

We investigate which countries have the highest potential to achieve entrepreneurial progress. This progress is defined using an entrepreneurial ladder with five successive steps: “never thought about starting a business”, “thinking about starting a business”, “taking steps to start a...

Entrepreneurship is a key driver of jobs and innovation. This paper examines the prevalence of entrepreneurship across Europe and characteristics of those who become entrepreneurs. We place a particular focus on the distinction between opportunity and necessity motivations for becoming...

Wagniskapitalfinanzierungen sind ein wichtiges Konstrukt im Gefüge einer Volkswirtschaft. Sie stellen den Teil der Frühphasenfinanzierung des Sektors der Eigenkapitalbeteiligungen dar. Geplante Unternehmensneugründungen sind gerade bei kapitalintensiven Tätigkeiten verstärkt auf...

Das Potenzialwachstum ist in den hochentwickelten Ländern in den letzten Jahren deutlich zurückgegangen. Ein wesentlicher Grund ist das rückläufige Wachstum der Produktivität, das aus dem technischen Fortschritt und dem Einsatz von Humankapital resultiert. Wichtig zur Aufrechterhaltung des...

This paper is concerned with whether women are less likely to express business start-up intentions because of a less favourable attitude to risk. Previous research suggests that attitude to risk differs significantly between genders, but has not addressed the question of whether this contributes...