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We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...
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, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not …
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In 1997, a new segment of the Frankfurt stockexchange was introduced to promote Germany's transition from ….Hence, the Neuer Markt has succeeded in generating a new and differentmarketplace in Germany. However, the extent to which …
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Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms …
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