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The impact of the financial crisis on financing technology ventures

Author

Listed:
  • Ann-Kristin Achleitner
  • Reiner Braun
  • Georg Metzger
  • Maximilian Schmidt

Abstract

This study examines the impact of the financial crisis on technology venture financing and investment activity. Multivariate analyses on a sample of 1,916 German technology ventures from 2007 to 2011 show that the total financing volume dropped during the financial crisis. This drop was driven by a decrease in internal and external funding. As one consequence, technology ventures, especially those with strong growth potential, reduced their investment activities in long-term tangible and intangible assets. The practical implications are worrisome, since the future prospects and growth rates of these technology ventures are likely to be affected.

Suggested Citation

  • Ann-Kristin Achleitner & Reiner Braun & Georg Metzger & Maximilian Schmidt, 2016. "The impact of the financial crisis on financing technology ventures," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 29(1), pages 4-24.
  • Handle: RePEc:ids:ijesbu:v:29:y:2016:i:1:p:4-24
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