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The objective of this study is to determine whether specific industries across countries or within countries are more likely to reach a stage of profitability and make a successful exit. In particular, we assess whether firms in certain industries are more prone to exit via IPO, be acquired, or...
Persistent link: https://www.econbiz.de/10003947460
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 … entrepreneurs, who are of particular interest, the findings indicate that they cut back their financing demand and are more likely …
Persistent link: https://www.econbiz.de/10003567056
, focussing specifically on poor performance enterprises, a prevalent but disregarded type of entrepreneurship. Using German panel …
Persistent link: https://www.econbiz.de/10011782009
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
intensity is pro-cyclical. Interest rates affect more the demand side of VC (entrepreneurs) than the supply side. Indicators of … a minimum level of entrepreneurship is required in order to have a positive effect of the available stock of knowledge …
Persistent link: https://www.econbiz.de/10010295646
The objective of this study is to determine whether specific industries across countries or within countries are more likely to reach a stage of profitability and make a successful exit. In particular, we assess whether firms in certain industries are more prone to exit via IPO, be acquired, or...
Persistent link: https://www.econbiz.de/10010303725
The aim of this study is to analyze the returns of business angels' investments and their determinants. In this research the author wants to investigate the relationship existing between the performance of business angels investments and a series of explanatory variables widely used in the...
Persistent link: https://www.econbiz.de/10013120379
We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that startups that win...
Persistent link: https://www.econbiz.de/10014035484
Nearly 60\% of the money raised in venture capital financing rounds in the U.S. comes from investors in the top decile by money invested. Despite several advantages that these investors enjoy, they are remarkably less efficient in financing successful ventures, obtaining fewer IPOs and...
Persistent link: https://www.econbiz.de/10014350856