Search Results - subject_exact:"Risikofinanzierung"

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Judging the problem : a problem- centric approach to early-stage venture evaluations

Lane, Jacqueline N.; Zhang, Miaomiao - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015563100

Asset pricing robustness in venture capital

Michopoulos, Ioannis; Scaillet, Olivier; Topaloglou, Nikolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609793

Examining relational capital, structure embeddedness, and open innovation in Indonesian business incubators and startups

Bawono, Adhi; So, Idris Gautama; Furinto, Asnan; … - 2026

Despite the growing role of business incubators in fostering digital startups in emerging economies, the mechanism through which business incubator characteristics, specifically relational capital and structural embeddedness, influence startup innovation performance remains underexplored,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612331

From past ventures to present success : does human capital drive performance in entrepreneurship?

Rai, Sabhya - 2026

Accumulated entrepreneurial experience, as a form of human capital, plays a critical role in shaping current venture revenue. Building on insights from entrepreneurship and human capital theory, the study establishes a causal inverted U-shaped relationship between prior entrepreneurial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015615640

Unternehmensdynamik in der Wissenswirtschaft in Deutschland 2026 : Gründungen und Schließungen von Unternehmen, Gründungsdynamik in den Bundesländern, Internationaler Vergleich, Wagniskapital-Investitionen in Deutschland und im internationalen Vergleich

De Monte, Enrico; Ehlich, Jakob; Gottschalk, Sandra - 2026 - Stand: Februar 2026

Der Bericht analysiert Unternehmensdynamiken in Deutschland und im Speziellen hinsichtlich der deutschen Wissenswirtschaft. Dabei werden Informationen zum Gründungs- und Schließungsgeschehen in Deutschland von 2005 bis 2024 bezüglich unterschiedlicher Branchen und Bundesländer untersucht und...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015596299

Navigating the ambiguity of impact investing : how impact venture capitalists access new markets, founders, and capital

Garmann Johnsen, Christian; Lenhard, Johannes - 2026

Despite the growing prominence of impact investing in both research and practice, the definition of social and environmental impact remains contested. Rather than resolving the elusiveness of impact, we examine how impact venture capitalists (IVCs) leverage this ambiguity in their everyday...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015586871

Financing startups and impact investing : evidence across MENA countries

Mseddi, Slim - 2026

This study empirically investigates the determinants of financial success for startups engaged in impact versus conventional investment, performing a landscape analysis of the MENA region's financial ecosystem. Using the total equity funding amount (TEFA) as a performance proxy, we analyzed data...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591144

How does the establishment of government industrial funds affect enterprise innovation in China? : a perspective from "bridging the equity gap"

Zhang, Yuxin; Zhou, Yaodong - 2026

Focusing on the role of government industrial funds in bridging the equity gap, in this paper, we examine how the establishment of government industrial funds (GIFs) affects enterprise innovation and the underlying mechanism of the guiding and synergistic effects on social capital. By conducting...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628398

Venture capital investments in artificial intelligence through 2025

2026

This policy brief examines recent global venture capital investment in artificial intelligence (AI) firms, drawing on Preqin data from the OECD.AI Policy Observatory. It outlines actions policymakers can take to foster enabling investment environments, strengthen domestic AI ecosystems and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015631394

Token financing vs. equity and crowdfunding

Baranes, Edmond; Hege, Ulrich; Kim, Jin-Hyuk - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637923

IPO reform and venture capital : evidence from China

Fei, Celine Yue; Hege, Ulrich; Jia, Xiao - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637925

Generative AI-powered venture screening : can large language models help venture capitalists?

Vismara, Silvio; Latifi, Gresa; Meinzinger, Leonard; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640788

Performance persistence in private equity : skill, structure, and statistical artefacts

Ergüzel, Oylum Şehvez - 2026

This paper reviews the empirical literature on performance persistence in private equity (PE). It argues that observed persistence reflects three interacting forces: managerial skill, structural advantages, and measurement artefacts. It compares findings across return metrics, units of analysis,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641871

Cross-regional venture capital flows in Europe : the role of entrepreneurial ecosystems and proximity

Compañó, Ramón; Johanyák, Csaba K.; Testa, Giuseppina; … - 2026

This paper examines whether, and under which conditions, regional entrepreneurial ecosystems mitigate spatial frictions in cross-regional venture capital (VC) investments. Using a dyadic panel of VC flows across 267 European NUTS-2 regions over 2008-2022, we estimate gravity-style regressions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641938

Two sides of a coin : bridging perspectives and unpacking partner selection criteria of corporate venture capitalists and entrepreneurial ventures

Müller, Louisa A.; Grandinger, Salomé Florence; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647111

Appropriate entrepreneurship? : the rise of china and the developing world

Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647365

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Appropriate entrepreneurship? : the rise of China and the developing world

Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - 2024

Book / Working Paper

When digital meets traditional financial intermediaries : how equity crowdfunding shapes venture capital value added

Alam, Samia; Butticè, Vincenzo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650447

The disappearance of the ten-year fund

Bartlett, Robert; Ramella, Paolo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652608

The future of venture capital : unlocking liquidity and growth : insight report

2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653783

Insuring tomorrow's cures : balancing the promises and practicalities of innovative medicine

Bhattacharya-Craven, Adrita; Nabholz, Christoph - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653874

Entrepreneurial acquisitions and small-cap private equity overlaps : a resource-based view

Pöschl, Alexander; Freiling, Jörg - 2026

Objective: This study examines the competitive and collaborative dynamics between entrepreneurship through acquisition (ETA) and small- and micro-cap private equity (PE) in acquiring small and medium-sized enterprises (SMEs). Focusing on the DACH region (Germany, Austria, Switzerland), it...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636943

Harvesting or nurturing? : corporate venture capital and startup green innovation

Wunder, David; Maula, Markku - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573320

Growing up but staying home : patient equity investors and firm scale-up

Maggor, Erez; Marantz, Erez Aharon - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573365

Religious investors and equity crowdfunding success

Yaş, Murat - 2026

This study examines how Islamic religiosity influences equity crowdfunding success through messages on crowdfunding platforms in Türkiye, which lacks a sharia governance framework for financial technology (fintech). As the first empirical analysis of the role of Islamic religiosity in equity...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666495

Do development financial institutions create impact through venture capital investments?

Andonov, Aleksandar; Li, Andy; Smeets, Paul - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668654

Exploring institutional determinants of private equity and venture capital activity in Europe

Fencl, Tomáš; Babeckij, Jan; Baxa, Jaromír; Brůha, Jan - 2026

This paper studies the transmission of monetary policy in the Czech economy through the lens of household heterogeneity. Standard macroeconomic models often rely on representative agents, while real-world households differ in income, wealth, liquidity constraints and balance-sheet exposures....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667784

Will unicorns be born in Japan?$ba comparative study of private equity market development and policy reforms

Tadokoro, Hajime; Honjo, Yiji - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667794

Templates in the EU Inc. Regulation Proposal

Enriques, Luca; Nigro, Casimiro A.; Tröger, Tobias - 2026

European debates on competitiveness increasingly treat corporate law as a lever to help innovative firms scale. The European Commission's Proposal for a new "28th regime" seeks to introduce an optional, EU-wide corporate legal form designed, inter alia, to facilitate the cross-border scaling of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644252

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Templates in the EU Inc. regulation proposal

Enriques, Luca; Nigro, Casimiro A.; Tröger, Tobias - 2026

Book / Working Paper

Tax incentives and venture capital risk-taking : evidence from the QSBS program

Campello, Murillo; Junqueira, Guilherme - 2026

Do tax subsidies prompt investors to take on risk? We address this question by looking at investors' responses to changes to the Qualified Small Business Stock (QSBS) program, which reduces capital gains taxes on startup investing. We do so under a framework in which some startup investors -...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668698

Show one more version 1

Tax Incentives and Venture Capital Risk-Taking : Evidence from the QSBS Program

Campello, Murillo; Junqueira, Guilherme - 2026

Book / Working Paper

The impact of founder gender and gender anonymity on online fundraising : evidence from a field experiment

Zhou, Aner; Tian, Yushi; Thakur, Tripti - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670570

Face value in equity crowdfunding : experimental evidence on founder attractiveness and retail investor judgments

Putz, Ádám; Vörös, Zsófia; Bereczkei, Tamás - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670577

Where angels tread : understanding the economic impact of early-stage risk capital in Scotland, 1996-2023

MacKenzie, Niall G.; Coughtrie, Margaret - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651583

When do new firms benefit from VC investment? : the moderating role of firm age and size

Kato, Masatoshi; Legendre, Nicolas; Shirai, Hiroki - 2026

This study examines the effects of venture capital (VC) investment on the performance of new firms according to investor type (i.e., independent and captive VCs). In particular, the study explores whether the type of new firms, based on attributes such as firm age and size, moderates the effects...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668907

Investigating the role of informal investors and investor communication in entrepreneurship-through-acquisition : a study in the context of de novo entrepreneurship

Pöschl, Alexander; Mai-Duda, Isabella - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670565

The angels and the crowd : business angels’ investment practices and follow-on crowdfunding in entrepreneurial firms

Capizzi, Vincenzo; Carta, Nicola; Cavezzali, Elisa; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060845

Gender disparities in entrepreneurial finance : drivers, mechanisms, boundary conditions, and future research avenues

Li, Jie; Colombo, Massimo G.; Rossi-Lamastra, Cristina; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060868

Bureaucratic constraints and investment attraction : how operational practices influence technology transfer performance in publicly funded business incubators

Mota, Eric; Kolympiris, Christos; Emvalomatis, Grigorios; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060872

Biotechnologie in Österreich und Europa : strukturelle Hemmnisse und wirtschaftspolitische Handlungsoptionen

Köppl-Turyna, Monika - 2026

Europa verfügt über eine starke wissenschaftliche Basis in den Lebenswissenschaften, verliert im globalen Wettbewerb der Biotechnologie jedoch zunehmend an Boden. Während die USA ihre Dominanz bei Forschung, Venture Capital und Unternehmenswachstum weiter ausbauen, gelingt es Europa deutlich...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639015

How networked are European venture capitalists at the partner level? : embeddedness, cliques, and structural similarity in a large-scale partner network

Pomberger, Nils; Köppl-Turyna, Monika - 2026 - This version: May 2026

This paper examines how European venture capitalists connect at the partner level and whether observed ties reflect embeddedness and structural-similarity as predicted by network theory. Using PitchBook data on roughly 41,000 completed European VC deals and approximately 4,000 European-based VC...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015669003

How distributed ledger technologies transform capital markets and impact venture capital : a conceptual model

Frankl, Andreas; Köppl-Turyna, Monika - 2026

Introduction: While existing literature suggests that distributed ledger technologies will significantly transform capital markets, research has not yet examined how resulting changes in capital market conditions affect venture capital. Thus, this paper addresses this gap by analyzing the impact...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015673405

Exploratory machine learning predictors of financial performance : evidence from listed Egyptian fintech ventures

Abdou, Doaa Mohamed Salman; El-Halaby, Sherif; … - 2026

This study provides an exploratory predictive analysis to examine how different dimensions of digital infrastructure-capital market development, digital payment adoption, e-commerce penetration, and market volatility-predict the financial performance metrics of fintech ventures in Egypt. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064363

Benchmark mineability and the financing of AI innovation

Chan, Alex - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070644

The private capital alpha

Brown, Gregory W.; Goncalves, Andrei S.; Hu, Wendy - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070777

Democratizing private markets? : private equity performance of individual investors

Balloch, Cynthia; Mainardi, Federico; Oh, Sangmin; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016071170

FinTech-enabled startup portfolio optimization under uncertainty : a multi-objective CVaR-ESG framework

Yordanova, Zornitsa; Nozari, Hamed - 2026

Startup investment decisions are always accompanied by high uncertainty, limited historical data, and the need to simultaneously consider financial performance, sustainability, and innovation. With the rapid expansion of financial technologies, the use of digital decision-support tools to manage...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064192

Beyond seed funding : why Nigerian digital health startups struggle to grow

Elechi, Ubalaeze Solomon; Onah, Chibuzo Okechukwu; … - 2026

Nigeria's growing digital health startup ecosystem has a lot of potential to fill in gaps in healthcare delivery, but many of these businesses fail to get off the ground after getting initial funding. This narrative review examines funding patterns from 2019 to 2025 and investigates why...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016070992

Why equity crowdfunding investors reject opportunities : an exploration of negative attributes

Berliner, Daniel; Gimmon, Eli - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016073394

Corporate venture capital and sport-tech enterprises : innovation and internationalization in an emerging economy context

Dittachai Chankuna - 2026

This study examines how different orientations of corporate venture capital (CVC) investment are associated with the strategic development of sport-tech firms in an emerging economy context. Using a longitudinal dataset of 48 Thai sport-tech firms and 73 CVC transactions between 2005 and 2025,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016069502

Success outcomes of equity crowdfunding campaigns : the role of lead founders’ human capital signals

Gafrej, Ines; Bouzgarrou, Houssam; Tizaoui, Jihene - 2026

Drawing on signaling theory, this study investigates the role of lead founders' human capital signals in the success outcomes of equity crowdfunding (ECF) campaigns. While prior research emphasizes entrepreneurial teams or broadly defined founder characteristics, the role of dominant...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062200

Firms' venture capital affiliation, platforms' "skin in the game" and the success of equity crowdfunding campaigns

Colombo, Massimo G.; Shafi, Kourosh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082474