Showing 1 - 10 of 5,318
Persistent link: https://www.econbiz.de/10001880086
We examine a large and unique panel containing survey and financial statement data on small and medium sized private enterprises (SMEs) in Germany from 1991 to 2011. From the survey data, we derive a financial constraints measure based on managers' self-perception. We find that our measure...
Persistent link: https://www.econbiz.de/10013007687
This paper aims to shed light on some of the major allocative consequences of financial market bubbles. In March 1997, the Neuer Markt in Germany opened. Six years later, in June 2003, it closed forever. In the interim period lay the spectacular rise and fall of the first and most important...
Persistent link: https://www.econbiz.de/10008653397
Using a unique, hand-collected database of all venture-backed firms listed on Germany's Neuer Markt, we analyze the history of venture capital financing of these firms before the IPO and the behavior of venture capitalists at the IPO. We can detect significant differences in the behavior and...
Persistent link: https://www.econbiz.de/10009765361
Over-allotment arrangements are nowadays part of almost any initial public offering. The underwriting banks borrow stocks from the previous shareholders to issue more than the initially announced number of shares. This is combined with the option to cover this short position at the issue price....
Persistent link: https://www.econbiz.de/10009767115
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
This paper aims to shed light on some of the major allocative consequences of financial market bubbles. In March 1997, the Neuer Markt in Germany opened. Six years later, in June 2003, it closed forever. In the interim period lay the spectacular rise and fall of the first and most important...
Persistent link: https://www.econbiz.de/10012991085
US labor productivity in ICT-skill intensive industries experienced tremendous increases in post-1995 trend growth … compared to Germany, while other (non-ICT-skill intensive) industries showed similar growth trends in both countries. Examining … the source of industry productivity growth in German ICT-skill intensive sectors, there is no empirical evidence on the …
Persistent link: https://www.econbiz.de/10008859830
Der vorliegende Beitrag untersucht die Auswirkungen der Neuen Ökonomie auf den deutschen Arbeitsmarkt. Neue Berufsfelder weisen nach dieser Untersuchung eine große und zunehmende Bedeutung auf. Gekennzeichnet ist diese Entwicklung durch verstärkte Humankapital- und Flexibilitätsanforderungen...
Persistent link: https://www.econbiz.de/10011476242
innovation "digitilization"". Production as well as application of information and communications technologies (ICT) are based on … forces of the new economy. In this report, the trends of the ICT sector and of the use of ICT products are analyzed with …
Persistent link: https://www.econbiz.de/10011402100