Smart capital in German start-ups: an empirical analysis

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.

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Year of publication:	2007
Authors:	Schäfer, Dorothea ; Schilder, Dirk
Publisher:	Jena : Universität Jena und Max-Planck-Institut für Ökonomik
Subject:	Risikokapital \| Private Equity \| Unternehmensberatung \| Unternehmensgründung \| Deutschland \| Smart capital \| start-up financing \| venture capital \| banks

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Series:	Jena economic research papers ; 2007,015
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	546298427 [GVK] hdl:10419/25589 [Handle]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; G24 - Investment Banking; Venture Capital; Brokerage ; D21 - Firm Behavior ; M13 - Entrepreneurship ; O16 - Financial Markets; Saving and Capital Investment
Source:	EconStor