Successful newly established companies are a significant factor for the prosperous development of a national economy. Young innovative companies play a key role in the quick market launch and distribution of new technologies and products. As founders only rarely have sufficient own funds, financing has a considerable influence on the success of a newly established company. In the course of the investment ...
In den Sozial- und Wirtschaftswissenschaften besteht ohne die Moeglichkeit einer Re-Analyse von statistischen Ergebnissen (gleichermaßen amtlichen wie nicht-amtlichen) die Gefahr von nicht entdeckten Irrtuemern. Mit anderen Worten: Re- Analysen sind in der Wissenschaft die "Berufungsinstanz", ohne die es keine funktionierende Scientific Community geben kann. Der Schutz vor fehlerhaften wissenschaftlichen ...
The paper investigates how Private Equity (PE) ownership influences out-performance of a high-growth firm, and whether it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We transform the levered return on equity into a unlevered return and empirically test on some 30 thousand high growth European firms whether Private Equity' or other ...