In 2002 a comprehensive survey of German venture capital and private equity firms was conducted. Based on a follow-up survey in 2005, the development of the German venture capital and private equity market can be shown. The first focus of the report lies on structural topics like market...

In 2002 a comprehensive survey of German venture capital and private equity firms was conducted. Based on a follow-up survey in 2005, the development of the German venture capital and private equity market can be shown. This paper summarizes major findings concerning market structure, ownership...

English Abstract: This paper examines the impact of the age of the entrepreneur on the innovation activity of his firm on the basis of nearly 16.000 observations. The key findings are: the probability to implement process innovations declines with age. However, no significant negative effect of...

This paper examines the financing of innovations in small and medium sized enterprises. In contrast to other existing studies, the focus is on the proportion of bank credits and internal funds as parts of innovation expenditures. The regression results indicate financing constraints due to...