Schäfer, Dorothea (contributor); Werwatz, Axel (contributor) - 2004
higher amounts of collateral and lower upfront investments support debt financing.
A fairly similar conclusion is reached by … distinguish between equity and debt financing, as re-
vealed by an intermediary’s admission to one of the KfW programmes. The … large German public bank noted that German start-ups should be fi-
nanced almost exclusively with equity, since debt …