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 …

This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of … private firms in Germany. The core contention is that a firm's financial position contributes to its access to external …

This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women's investment is less sensitive to cash flow, which indicates that it is unlikely …

This paper provides the first evidence on gender differences in investment financing, credit application and credit … denial rates in Germany. The empirical analysis is carried out on a sample of firms drawn from the KfW Mittelstandspanel, a … internal capital in investment financing is higher and the share of external funds is lower than for male-owned firms. An …

incentive effects of such reforms on the SMEs’ investment decisions adopting simple present value model. Ceteris paribus tax …