Title
Early Stage Investments in New Technology Based Firms Analyzing the Changing German Landscape of Venture Capital Finance in th,Used
Delivery time: 8-12 business days (International)
Diploma Thesis from the year 1998 in the subject Economics Finance, grade: 2, University of Paderborn, language: English, abstract: Gegenstand der Arbeit ist die Untersuchung der jngsten Vernderungen in der institutionellen Mikrostruktur des deutschen Kapitalmarktes, die geeignet sind die Bedingungen fr die Versorgung junger Technologieunternehmen mit Eigenkapital zu verbessern. Behandelt werden insbesondere die Funktionsweise und zunehmende Bedeutung professioneller Venture CapitalIntermedire und die hierzu komplementre Rolle des "Neuen Marktes" in Deutschland. Der Autor zeigt, wie die Finanzierung junger Technologieunternehmen durch strukturelle Imperfektionen des Kapitalmarktes in besonderem Mae beeintrchtigt wird. Unter Bercksichtigung der fundamentalen Aussagen der neoklassischen Kapitalmarkttheorie und der Neuen Institutionenkonomik wird die Hypothese entwickelt, da die durch die Unvollkommenheit der Mrkte bedingten Risikoprmien und Transaktionskosten im Falle von Frhphaseninvestitionen in innovativen Unternehmen besonders hoch sind. Somit besteht im Falle dieser Investitionen eine erhebliche Spanne zwischen den vom Unternehmer zu tragenden Kapitalkosten und den vom Financier empfangenen Nettoertrgen. Bestimmte Institutionen des Kapitalmarktes, d. h. spezialisierte Intermedire und regulierte Marktsegmente sind geeignet diese Spanne zwischen Kapitalkosten und Nettoertrgen zu vermindern, indem nichtprojektinhrente Risiken oder Transaktionskosten reduziert werden. Das fr die Investitionsentscheidung magebliche RisikoRenditeVerhltnis einer Investition wird somit durch institutionelle Rahmenbedingungen erheblich beeinflut. Der Autor diskutiert vor diesem theoretischen Hintergrund umfassend die konkreten Vernderungen des deutschen VentureCapitalMarktes in der jngsten Zeit und entwirft verschiedene Szenarien fr dessen zuknftige Entwicklung. Keywords: Venture Capital, Neuer Markt, Unternehmensgrndung, Innovationsmanagement
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.