To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding...

In 1997, a new segment of the Frankfurt stockexchange was introduced to promote Germany's transition from traditionalmanufacturing to new technologies: the Neuer Markt. To discover whether thecreation of the Neuer Markt was a success, the relationship between firm sizeand firm growth of...

Survey evidence on small firms’ perceived constraints might provide useful information on the effects of institutional impediments, such as regulatory burdens, on post-entry performance. Using a new dataset that merges ENSR survey data on small firms’ major constraints with Eurostat small...

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...