Smart capital in German start-ups - an empirical analysis
- Autor
- Erschienen
- 2007-05-07
- Schlagwort(e)
-
banks
smart capital
start-up financing
venture capital
- Zusammenfsg.
-
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product used and also by the financiers' institutional background, the duration of the investment and the stage of development of the firm being financed.
- Nummer des Discussion-Papers
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2007-015
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- entrepreneurship
- JEL-Classification for JER
- G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages ; G24 - Investment Banking; Venture Capital; Brokerage; Rating Agencies ; D21 - Firm Behavior ; M13 - New Firms; Startups ; O16 - Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
