Innovation and Investment Funding in the Post-Crisis Period: Have Financing Patterns and Financial Constraints of German Firms Changed?

Artikel

This study examines the actual funding behavior of German innovative firms in the pre- and postcrisis period. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME) changed during and since the financial crisis. The purpose of our analysis is to assess whether the aims of the European CMU action plan, funding innovation and investment activities, complements the behavior of German SMEs. We find fairly stable funding patterns over the years and there is no indication that financial constraints have become tighter in the post-crisis period. Consequently, realizing the CMU's central goal of broadening the funding mix could leave the funding behavior of German SMEs largely unaffected.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 86 ; Year: 2017 ; Issue: 1 ; Pages: 129-142 ; Berlin: Duncker & Humblot

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Corporate Finance and Governance: Government Policy and Regulation ; Financial Crises
• Thema: Capital Markets Union ; SMEs ; funding behaviour ; financial structure

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Schäfer, Dorothea ; Stephan, Andreas
• Ereignis: Veröffentlichung
• (wer): Duncker & Humblot
• (wo): Berlin
• (wann): 2017

Weitere Informationen

• DOI: doi:10.3790/vjh.86.1.129
• Handle: http://hdl.handle.net/10419/183235
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ