Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247879 
Title (translated): 
German venture capital market: Investments and framework
Year of Publication: 
2021
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Volume:] 101 [Issue:] 11 [Publisher:] Springer [Place:] Heidelberg [Year:] 2021 [Pages:] 906-910
Publisher: 
Springer, Heidelberg
Abstract: 
Innovative Start-ups sind aus mehreren Gründen durch ein hohes Risiko gekennzeichnet. Venture Capital (VC) ermöglicht es Start-ups, ihre Ideen zu Innovationen zu entwickeln und senkt das Risiko des Scheiterns. Diese Form der Finanzierung ist ein wesentlicher Bestandteil im globalen Wettbewerb. Der deutsche VC-Markt weist zumindest in der Spätphase der Unterstützung von Start-ups Mängel auf. Gegenüber den USA und China besteht ein erheblicher Aufholbedarf.
Abstract (Translated): 
Innovative start-ups are characterised by a high level of risk for several reasons. Venture capital (VC) enables start-ups to develop their ideas into innovations and lowers the risk of failure. This form of financing is an essential component in the global competition. This paper aims at examining the German VC market with regard to its investments and framework conditions. The framework conditions that influence VC transactions are, on one end of the spectrum, the political and regulatory environment and, on the other, the innovation climate such as societal attitudes towards entrepreneurial and opportunity risk. The paper concludes with some important policy implications.
JEL: 
G24
L26
M13
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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