Smart capital in German start-ups - an empirical analysis

Dorothea Schaefer () and Dirk Schilder
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Dorothea Schaefer: German Institute for Economic Research (DIW)
Authors registered in the RePEc Author Service: Dorothea Schäfer

No 2007-015, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product used and also by the finan-ciers' institutional background, the duration of the investment and the stage of development of the firm being financed.

Keywords: Smart capital; start-up financing; venture capital; banks (search for similar items in EconPapers)
JEL-codes: D21 G21 G24 M13 O16 (search for similar items in EconPapers)
Date: 2007-05-07
New Economics Papers: this item is included in nep-eec and nep-ent
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Smart capital in German start-ups -- an empirical analysis (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2007-015

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