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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19970| Title: | Can institutional change impact high-technology firm growth? : Evidence from Germany's Neuer Markt |
| Keywords: | O3 L25 O4 ddc:330 Innovation Growth Institutions Germany Neuer Markt Wirtschaftsförderung Klein- und Mittelunternehmen Hochtechnologiesektor Unternehmenswachstum Unternehmensgründung Wirtschaftspolitische Wirkungsanalyse Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding from the Neuer Markt, but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms. This suggests that the new policies were not only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth and innovation within the German economy. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19970 |
| Other Identifiers: | http://hdl.handle.net/10419/19970 ppn:494499117 |
| Appears in Collections: | EconStor |
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