Die Coronapandemie hat sichtbare Spuren bei der Liquiditätssituation und den Eigenkapitalquotenmittelständischer Unternehmen hinterlassen. Vor dem Hintergrund einer guten Ausgangslageund insgesamt einer Stabilisierung der Lage im Krisenverlauf ist eine Überschuldung des Unternehmenssektorsin...

Using Germany as an example, this article examines how different groups of small andmedium-sized enterprises were impacted by and recovered from the COVID-19 pandemic.The study found that at the onset of the pandemic, turnover losses were experienced notjust by enterprises regarded as poor...

Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. On the contrary, authors who focus explicitly on start-up finance predict that...

The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...

Ob und wie lange Jugendliche nach Abschluß ihrer Lehre weiterhin im Ausbildungsbetrieb arbeiten, ist eine Fragestellung, deren Beantwortung für das Verständnis des Arbeitsmarktes in mehrfacher Hinsicht von Nutzen sein kann. Zum einen liefern Abgänge aus dem Ausbildungsbetrieb ohne...

This econometric study deals with the question as to what extent apprentices after successfully completing their training stay with the firm where they have received their training and, if so, how long that job tenure holds. Determinants of both decisions can be seen from both the employer`s and...

Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. On the contrary, authors who focus explicitly on start-up finance predict that...

This article examines the impact of innovation on employment growth in innovating small and medium enterprises using a quantile regression approach. The key findings are that innovation has a positive effect on employment in both growing and shrinking firms. The impact of innovation on employee...

Der technische Fortschritt spielt in einer Volkswirtschaft eine bedeutende Rolle. Dabei ist nicht nur die originäre Innovation, sondern auch ihre Verbreitung wichtig. Welche Faktoren bestimmen das Innovationsverhalten der Unternehmen? Unter welchen Wettbewerbsbedingungen sind die Unternehmen am...

This paper deals with the labor market entrance of young people in the Federal Republic of Germany. The main focus is on failures during this stage. First, an overview of the youth labor market in Germany is given. Then, the transition from vocational training to work is analyzed: The duration...