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Measuring the spillovers of venture capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

Persistent link: https://www.econbiz.de/10011762520

Cyclicality of SME lending and government involvement in banks

Behr, Patrick; Foos, Daniel; Norden, Lars - 2015

Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs. without a public mandate, controlling for location, size, loan...

Persistent link: https://www.econbiz.de/10011391616

Support for the SME supporting factor : multi-country empirical evidence on systematic risk factor for SME loans

Dietsch, Michel; Düllmann, Klaus; Fraisse, Henri; … - 2016

Using a unique and comprehensive data set on the two largest economies of the Eurozone - France and Germany - this paper first proceeds to a computation of the Gordy formula relaxing the ad hoc sizedependent constraints of the Basel formulas. Our study contributes to Article 501 of the Capital...

Persistent link: https://www.econbiz.de/10011564456

Complementing business training with access to finance : evidence from SMEs in Kenya

Ashraf, Anik; Lyons, Elizabeth - 2023

medium enterprises (SMEs) in Kenya. All participants in a business training program are offered training. One-third of … delay between training and loans may reduce knowledge retention and application by SMEs in the presence of complementarity … practices. We find evidence for the latter in both intention-to-treat and treatment-on-the-treated estimates. While SMEs in both …

Persistent link: https://www.econbiz.de/10014496375

Macro-scaled microcredit and constraints on household business development : evidence from northern Thailand

Archawa Paweenawat; Narapong Srivisal - 2021

Persistent link: https://www.econbiz.de/10012655433

The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis

Gärtner, Leo; Marek, Philipp - 2022

The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...

Persistent link: https://www.econbiz.de/10013205580

Basel III and SME bank finance in Germany

Marek, Philipp; Stein, Ingrid - 2022

marginally. Moreover, the impact on SMEs and large companies also differs. In terms of lending, SMEs were affected more strongly …

Persistent link: https://www.econbiz.de/10013399771

Lending relationships in Germany : empirical evidence from survey data

Harhoff, Dietmar - 1998

Persistent link: https://www.econbiz.de/10013428157

Subsidies and innovation in the recent financial crisis

Giebel, Marek; Kraft, Kornelius - 2021

We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...

Persistent link: https://www.econbiz.de/10012793582

R&D investment under financing constraints

Giebel, Marek; Kraft, Kornelius - 2020

This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...

Persistent link: https://www.econbiz.de/10012196342