Studies of public-private and foreign-domestic wage differentials face difficultiesdistinguishing ownership effects from correlated characteristics of workers and firms. Thispaper estimates these ownership differentials using linked employer-employee data (LEED)from Hungary containing 1.35mln...

Using unique recently released nationally representative high-quality data at the plant level,this paper presents the first comprehensive evidence on the relationship between productivityand size of the export market for Germany, a leading actor on the world market formanufactured goods...<br<

Informed capital is a crucial ingredient to a well-functioning market for start-upfinance, especially in times of difficult market conditions. For bank-basedsystems, the question regarding which investors actually supply informed capitalhas not yet been answered. To fill this gap, we conduct a...

We examine the role of spatial proximity for Venture Capital (VC) investments inGermany. The main database is a survey of 85 personal interviews withrepresentatives of different types of financial institutions. The analysis shows thatspatial proximity is far less important for VC investments...

This paper deals with the question of whether public venture capital (VC) isperforming its task properly, taking a look at how public VC companies’ selectionprocess, investment behavior, and consulting services reflect goals that differ fromthose of private VC firms. The results present...

We analyze the effect of industry, region and time on new-business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983-2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum...

We analyze the development of employment in start-up cohorts, which is the direct grossemployment effect of the new businesses. The data is for West Germany and covers the 1984-2002 period. While total employment in the cohorts remains above the initial level inmanufacturing, we find a...

Die Gründung eines innovativen Unternehmens stellt eine Form der kommerziellen Verwer-tung von Wissen dar. Der Beitrag gibt einen Überblick über Ausmaß von Gründungen in wis-sensintensiven bzw. innovativen Branchen und deren Entwicklung. Da die Gründung eines Unternehmens wesentlich durch...

This paper investigates interregional differences in cooperative behavior ofmanufacturing establishments in the field of research and development (R&D).The empirical analysis for eleven European regions reveals a number ofsignificant differences between these regions in the propensity to...

Literature suggests that location should matter for R&D activities. However, attempts to empirically detect differences in innovation activity between regions have so far been rather unsuccessful. Using a unique data set which contains comparable information about manufacturing enterprises in...