Can German national institutional frameworks be reconfigured to allow radical innovation in science-based industries? This paper examines the development of commercial technologies for entrepreneurial biotechnology start-up firms in Germany. During the 1980s and early 1990s an inadequate...

This paper analyzes how companies of immigrant entrepreneurs in knowledgeintensive industries differ from companies of native entrepreneurs with respect to start-up characteristics, firm survival and innovative performance. I focus on immigrants from the 'recruitment countries' of south and...

Innovative Unternehmensgründungen werden in zunehmendem Maße von Venture Capital (VC) Gesellschaften finanziert, die mit dem Gebrauch spezieller Finanzierungsinstrumente die diversen Agencyprobleme dieser Situation zu bewältigen versuchen. Dieses Papier gibt einen Überblick über die...

We investigate the impact of new business formation on regional employment. The main effects occur after a considerable time lag. Obviously, a large part of the effect is not due to job creation by the newcomers but rather is of indirect nature. This implies that a large part of the debate about...

We analyze the development of employment in start-up cohorts, which is the direct gross employment effect of the new businesses. The data is for West Germany and covers the 1984- 2002 period. While total employment in the cohorts remains above the initial level in manufacturing, we find a...

The paper provides an outline of the concept of regional growth regimes and empirically illustrates the relevance of the concept. The empirical examples are entrepreneurship, entry and the performance of new businesses in East and West Germany. The differences of the factors determining the...

Die Gründung eines innovativen Unternehmens stellt eine Form der kommerziellen Verwer-tung von Wissen dar. Der Beitrag gibt einen Überblick über Ausmaß von Gründungen in wis-sensintensiven bzw. innovativen Branchen und deren Entwicklung. Da die Gründung eines Unternehmens wesentlich durch...

We analyze the effect of industry, region and time on new-business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983-2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum...

Der Beitrag behandelt den Einfluss des Gründungsgeschehens auf die regionale Entwicklung. Viele dieser Wirkungen sind indirekter Natur und müssen sich nicht notwendig in der Region niederschlagen, in der die Gründung stattfand. Empirische Analysen für westdeutsche Regionen zeigen, dass nur...

Audretsch and Fritsch (2002) proposed two explanations for the mixed evidence regarding the relationship between new firm formation and regional development. Firstly, they found evidence for the existence of long time lags needed before the main effects of new firm formation on employment change...