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

We analyze the development of employment in start-up cohorts, which is the direct gross employment 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 in manufacturing, we find a...

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...

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...

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

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...

We investigate whether the supply of Venture Capital (VC) in Germany is driven by spatial influences. The study is based on information from more than 300 VC investments made in Germany in the year 2004 and 2005. We find evidence that the geographical distance between a VC company and the...

Based on a largely unbiased sample of 1800 German manufacturing enterprises we analyze the propensity to maintain different forms of R&D cooperation with customers, suppliers, competitors and public research institutions. We find a relatively stable set of characteristics of those enterprises...

This paper investigates R&D cooperation of manufacturing establishments in three German regions. We find that cooperation is a widespread phenomenon and examine the characteristics of those establishments that maintain certain kinds of cooperative relationships.

We test the hypothesis that large firms devote a higher proportion of their expenditure on research and development (R&D) on process innovation than smaller firms.