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Loan availability and investment : can innovative companies better cope with loan denials?
Müller, Elisabeth; Reize, Frank - 2010
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 … mezzanine capital, when facing a loan denial. -- Investment ; loan availability ; innovation ; private equity …
Persistent link: https://www.econbiz.de/10003961525
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Venture capital in Europe's common market : a quantitative description
Schertler, Andrea - 2001
This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...
Persistent link: https://www.econbiz.de/10011476014
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To be financed or not : the role of patents for venture capital financing
Häussler, Carolin (contributor);  … - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003806179
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To be financed or not ... : the role of patents for venture capital financing
Häussler, Carolin; Harhoff, Dietmar; Müller, Elisabeth - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003861082
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To be financed or not … : the role of patents for venture capital financing
Häussler, Carolin; Harhoff, Dietmar; Müller, Elisabeth - 2009
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003848824
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You can't make an omelette without breaking eggs : the impact of venture capitalists on executive turnover
Heger, Diana (contributor); Tykvová, Tereza (contributor) - 2007
We present evidence on venture capitalists' (VCs) impact on turnover of executives for a sample of nearly 47,000 German high-tech start-ups between 1995 and 2004. We confirm that the presence of VCs increases the probability of a change in the initial executive team. Additionally, we take a...
Persistent link: https://www.econbiz.de/10003412056
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Innovative capability and financing constraints for innovation more money, more innovation?
Hottenrott, Hanna; Peters, Bettina - 2009
alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities …
Persistent link: https://www.econbiz.de/10003914253
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On the role of entrepreneurial experience for start-up financing : an empirical investigation for Germany
Metzger, Georg (contributor) - 2007
Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of problems and affect finance composition. However,...
Persistent link: https://www.econbiz.de/10003567056
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Is the behavior of German venture capitalists different? : evidence from the Neuer Mark
Tykvová, Tereza - 2003
discrepancy in the investment and divestment strategies may be explained by the grandstanding phenomenon, the value … usually finance firms in a later stage, carry through fewer investment rounds and take their portfolio firms public earlier …
Persistent link: https://www.econbiz.de/10009765361
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Underpricing of venture-backed and non venture-backed IPOs : Germany's Neuer Markt
Franzke, Stefanie A. - 2003 - This version: November 6, 2003
This paper analyzes a comprehensive data set of 160 non venture-backed, 79 venture-backed and 61 bridge financed companies going public at Germany´s Neuer Markt between March 1997 and March 2002. I examine whether these three types of issues differ with regard to issuer characteristics, balance...
Persistent link: https://www.econbiz.de/10009767675