Schäfer, Dorothea; Werwatz, Axel; Zimmermann, Volker - 2004 - This Draft: February 2004
microeconometric evidence on the determinants of debt and equity financing in young and innovative SMEs. We pay special attention to … the role of risk for the choice of the method of financing. Since risk is not directly observable we use different … a young high-tech firm receives equity financing is an increasing function of the financial risk. With regard to the …