Im Laufe der letzten Jahre haben sich die Finanzierungsbedingungen für Unternehmen deutlich verschlechtert. So gaben in einer jährlich erschei-nenden Studie der Kreditanstalt für Wiederaufbau (KfW Mittelstands-bank) 45 Prozent der befragten Unternehmer an, dass die Kreditauf-nahme schwieriger...

Bereits 1970 betrug der Anteil des Leasings an den Investitionsfinanzie-rungen drei Prozent, heute sind es bereits 17 Prozent mit zunehmender Tendenz. Der größte Anteil entfällt auf Mobilien mit ca. 90 Prozent. Bei einer Umfrage zur künftigen Bedeutung von alternativen...

Buy-outs and MBOs in particular underwent a rapid development during the last decade in the USA and the UK as well. In comparison Germany's buy-out-scene has to be characterized as less developed concerning number and size of deals. The aim of the working group was to find out wich conditions...

We examine the role of spatial proximity for Venture Capital (VC) investments inGermany. The main database is a survey of 85 personal interviews withrepresentatives of different types of financial institutions. The analysis shows thatspatial proximity is far less important for VC investments...

Die sich verändernde Altersstruktur in Deutschland bedingt eine Veränderung der Finanzierungsmodalitätenim deutschen Gesundheitswesen. Ein Schritt dazu ist die Einführung derFallpauschalen (englisch DRG: Diagnosis Related Groups) zur Entlohnung von stationärenLeistungen. Allgemein wird...

This paper explores the potential of microfinance in post-conflict economies, and speci-fically examines policy considerations for the case of Iraq. It presents important condi-tions of the post-conflict economy, and examines three critical requirements for suc-cessful microfinance operations,...

This study explores individual and country-level environmental drivers of informal “seed” investment. We examine four types of informal investors based on business ownership experience (or no such experience) and close family relationship with investee (or no such relationship): “classic love...

We investigate whether the supply of Venture Capital (VC) in Germany is driven by spatial influences. The study is based on information from more than 300 VC investments made in Germany between 2004 and 2005. We find evidence that the geographical distance between a VC company and the portfolio...

It is now widely acknowledged that the entrepreneurial capacity in an economy is a key determinant of economic growth and productivity improvements. This paper uses survey data from the 15 EU Member States and the US to establish the effect of demographic and other variables on latent and actual...