This paper proposes an intertemporal model of venture capital investment with screening and advising where the venture capitalist's time endowment is the scarce input factor. Screening improves the selection of firms receiving finance, advising allows firms to develop a marketable product, both...

Consulting firms (CFs) sell services on a project basis to many clients and must therefore continuously tender for new contracts. One frequently used strategy by CFs is to visit the clients in connection to the tenders. The reason to the visits is either: 1) to influence the client in his...

Die sich häufenden Bilanzskandale, Korruptionsaffären und hohen Abfindungszahlungen für ausscheidende Top-Manager in den vergangenen Jahren haben auch die jeweils involvierten Beratungsgesellschaften mit ins Zwielicht gezogen. Vor diesem Hintergrund untersucht der folgende Beitrag, welche...

We consider a start-up firm which applies for a bank loan to implement a project based on complementary activities. The firm has the possibility to improve the complementarity effect by coordinating the activities. Coordination is costly and can be made either by using internal human resources...

We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation is costly. The optimal audit standard falls short of the first-best audit quality, and is increasing in the riskiness of firms and in the amount of funding they seek. The model...

Management Tools sind Werkzeuge, um Managemententscheidungen vorzubereiten und zu unterstützen. Sie sind standardisiert, setzen bestimmte Fähigkeiten zur Anwendung voraus und werden häufig von Unternehmensberatungen angeboten.

This paper examines the impact of venture capitalists' reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track record...

We see the contribution of our paper as discussing an integral perspective of individual and collective development. Considering learning and development we suggest a conceptual orientation on activity theory (Chaiklin/Hedegaard/Jensen 1999; Engeström 1987, 2001, 2005). Therefore, we see the...

This Wuppertal Paper Environmental Protection in Learning Organizationshighlights the crucial methodological and theoretical assumptions which influencedand formed the design of the ADAPT-project about SMEs - Sustainability and theneeds of employees. Potentials for employment, qualification and...