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Beteiligungskapitalgebers zu einem höheren Wachstum junger Unternehmen in Deutschland führt. Die Beschäftigungswirkung fällt jedoch, verglichen … 1998 in Germany. The number of venture-backed firms is based on the identification of involvements of venture capitalists … estimation of causal effects shows significant higher average annual employment growth rates of German venture-backed firms. …
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1998 in Germany. The number of venture-backed firms is based on the identification of involvements of venture capitalists … estimation of causal effects shows significant higher average annual employment growth rates of German venture-backed firms. …
Persistent link: https://www.econbiz.de/10013428417
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. Differences between high-tech and low-tech industries as well as the impact of other investors are analyzed. The estimation …
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Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. Conversely, authors who focus explicitly on start-up finance predict that...
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