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This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
Persistent link: https://www.econbiz.de/10008494188
represent in the market, they contribute to increase productivity of the economy. The problems of financing the SME’s are … based on innovation. Private equity activity is in this regard a better mode of financing innovative enterprises added to …
Persistent link: https://www.econbiz.de/10010861399
The paper analyses the impact of private equity (PE) backed leveraged buyouts (LBOs) on innovation output (patenting … innovation activity is concentrated among private-to-private transactions with a 14% increase in the quality-adjusted patent … promote short-term cost-cutting at the expense of entrepreneurial investment opportunities with a long-term payoff. …
Persistent link: https://www.econbiz.de/10011265985
represent in the market, they contribute to increase productivity of the economy. The problems of financing the SME’s are … based on innovation. Private equity activity is in this regard a better mode of financing innovative enterprises added to …
Persistent link: https://www.econbiz.de/10009291999
Persistent link: https://www.econbiz.de/10008694085
There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …
Persistent link: https://www.econbiz.de/10010840013
-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as …
Persistent link: https://www.econbiz.de/10004991064
. Innovation requires the exploration of new ideas with potential advantages but unknown probability of success. We show that it is … equity to innovation and creative destruction and also generates new predictions concerning the determinants of going public …
Persistent link: https://www.econbiz.de/10008468600
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … concerns about causality in several ways, including exploiting variation in laws regulating the investment behaviour of pension … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation …
Persistent link: https://www.econbiz.de/10005002798
We study innovation and R&D investments made from 2008 to 2010 by UK companies that were the targets of leveraged … buyout (LBO) in previous years. We find that overall, LBO companies do not exhibit lower innovation and R&D investments than … non-LBO companies during the crisis, with other things being equal. However, innovation and R&D investments decline …
Persistent link: https://www.econbiz.de/10010770412