Aufgrund der geringen Eigenkapitalausstattung junger, innovativer und schnell wachsender Unternehmen und erheblicher Unsicherheiten hinsichtlich des Erfolgs der geplanten Investitionen scheidet eine Finanzierung mittels Fremdkapital oftmals aus oder erfolgt nicht in dem Umfang, den die...

The paper deals with the analysis of causal effects of venture capital finance for start-ups founded between 1991 and 1998 in Germany. The number of venture-backed firms is based on the identification of involvements of venture capitalists in firms. All venture capital companies are considered,...

Based on an improved and extended database, the Establishment History Panel, we extend the analysis of Fritsch & Weyh (2006) by investigating the development of employment in German start-up co-horts for the period 1976 to 2004. We confirm the typical pattern of an initial increasing and then...