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Venture capital backed growth
Keuschnigg, Christian - 2002
productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10011409024
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Debt, innovation, and growth
Geelen, Thomas; Hajda, Jakub; Morellec, Erwan - 2019
, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …
Persistent link: https://www.econbiz.de/10012179627
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Patents as Collateral
Chatelain, Jean-Bernard; Ralf, Kirsten; Bruno, Amable - Volkswirtschaftliche Fakultät, … - 2010
face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …
Persistent link: https://www.econbiz.de/10011114166
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Mueller, Elisabeth; Zimmermann, Volker - 2006
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10010297522
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Haftungsregeln und Innovation
Czarnitzki, Dirk; Kraft, Kornelius - 2000
In dieser Studie werden die Anreize für Innovationsaktivitäten von Firmen mit beschränkter und unbeschränkter Haftung untersucht. Innovationen sind mit einem gewissen Risiko behaftet. Firmeneigner können ihr persönliches Risiko jedoch begrenzen, wenn das Unternehmen eine Rechstform mit...
Persistent link: https://www.econbiz.de/10010297701
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Zimmermann, Volker; Mueller, Elisabeth - 2007
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10010298015
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Dynamic Optimal Capital Structure and Technological Change
Lööf, Hans - 2003
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
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Auswirkungen des Basel II Akkords auf österreichisches KMU
Heimer, Thomas; Köhler, Thomas - 2004
The paper discusses the impact of the Basel II Accord on the financing of small and medium size enterprises (SME) in Austria. Although the Basel II Accord has not been established yet, the study tries to evaluate the expected impact of the Basel II Accord on SMEs, on the bases of the current...
Persistent link: https://www.econbiz.de/10010298895
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The importance of equity finance for R&D activity: are there differences between young and oldcompanies?
Mueller, Elisabeth; Zimmermann, Volker - 2008
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10010299462
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Financing and product market competition: Optimal contracts with venture capitalists
Neff, Cornelia - 2000
We consider the provision of venture capital in a dynamic agency model. In particular, we focus on the interaction between venture capital financing and product market competition: A young firm with a risky innovation project attempts to enter a market where it faces two periods of price...
Persistent link: https://www.econbiz.de/10010305064