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Financing high-tech growth : the role of debt or equity

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dc.creator Audretsch, David B.
dc.creator Lehmann, Erik E.
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:46Z
dc.date.available 2013-10-16T07:07:46Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19964
dc.identifier ppn:494488565
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19964
dc.description Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more likely to be financed by venture capitalists instead of banks. We also provide evidence that the presence of venture capitalists enhance the growth rates of firms positively.
dc.language eng
dc.publisher
dc.relation Papers on entrepreneurship, growth and public policy 1904
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L11
dc.subject G32
dc.subject M13
dc.subject ddc:330
dc.subject Venture Capital
dc.subject New Economy
dc.subject Entrepreneurship
dc.subject Corporate Governance
dc.subject Unternehmensgründung
dc.subject Risikokapital
dc.subject Unternehmenswachstum
dc.subject Corporate Governance
dc.subject Hochtechnologiesektor
dc.subject Neuer Markt
dc.subject New Economy
dc.subject Deutschland
dc.title Financing high-tech growth : the role of debt or equity
dc.type doc-type:workingPaper


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