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Can institutional change impact high-technology firm growth? : Evidence from Germany's Neuer Markt

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dc.creator Audretsch, David B.
dc.creator Elston, Julie Ann
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:48Z
dc.date.available 2013-10-16T07:07:48Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19970
dc.identifier ppn:494499117
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19970
dc.description To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding from the Neuer Markt, but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth and innovation within the German economy.
dc.language eng
dc.publisher
dc.relation Papers on entrepreneurship, growth and public policy 2504
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O3
dc.subject L25
dc.subject O4
dc.subject ddc:330
dc.subject Innovation
dc.subject Growth
dc.subject Institutions
dc.subject Germany
dc.subject Neuer Markt
dc.subject Wirtschaftsförderung
dc.subject Klein- und Mittelunternehmen
dc.subject Hochtechnologiesektor
dc.subject Unternehmenswachstum
dc.subject Unternehmensgründung
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Schätzung
dc.subject Deutschland
dc.title Can institutional change impact high-technology firm growth? : Evidence from Germany's Neuer Markt
dc.type doc-type:workingPaper


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