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Von den "trockenen Tälern" der Risiko- und Wachstumsfinanzierung

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  • Michael Peneder

Abstract

Dieser einleitende Beitrag zum Schwerpunkt "Risikokapital in Österreich" behandelt den in der Literatur als "valley of death" bezeichneten kritischen Übergang von der öffentlichen Forschungs- zur privaten Wachstumsfinanzierung. Die Analyse identifiziert die Ursachen von Finanzierungslücken sowie die besonderen Eigenschaften der betroffenen Unternehmen und erörtert die wirtschaftspolitischen Handlungsmöglichkeiten. In einer Zusammenfassung der einzelnen Artikel dieses Heftes steckt der Beitrag den thematischen Rahmen dieses Schwerpunktheftes der WIFO-Monatsberichte ab. Besonderes Augenmerk wird auf den Gegensatz zwischen den in Österreich einerseits guten allgemeinen Finanzierungsbedingungen für kleine und mittlere Unternehmen und dem andererseits sehr schwach entwickelten Markt für Risikokapital gelegt.

Suggested Citation

  • Michael Peneder, 2013. "Von den "trockenen Tälern" der Risiko- und Wachstumsfinanzierung," WIFO Monatsberichte (monthly reports), WIFO, vol. 86(8), pages 637-648, August.
    • Handle: RePEc:wfo:monber:y:2013:i:8:p:637-648
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    References listed on IDEAS

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    1. Thomas Jud & Jürgen Marchart & Klaus S. Friesenbichler & Michael Peneder & Stefan Haslinger, 2013. "Risikokapital in Österreich. Angebots- und nachfrageseitige Erklärungen der geringen Ausprägung und Empfehlungen zu ihrer Überwindung," WIFO Studies, WIFO, number 46677, February.
    2. Michael Peneder, 2009. "The impact of venture capital on innovation behaviour and firm growth," Venture Capital, Taylor & Francis Journals, vol. 12(2), pages 83-107, November.
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    4. Colin Mason, 2007. "Venture Capital: A Geographical Perspective," Chapters, in: Hans Landström (ed.), Handbook of Research on Venture Capital, chapter 3, Edward Elgar Publishing.
    5. Adeline Saillard & Thomas Url, 2011. "Venture capital in bank - and market - based economies," Post-Print halshs-00593962, HAL.
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    7. Adeline Saillard & Thomas Url, 2011. "Venture capital in bank - and market - based economies," Documents de travail du Centre d'Economie de la Sorbonne 11025, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    8. Michael Peneder, 2008. "The Problem of Private Under-investment in Innovation: A Policy Mind Map," WIFO Working Papers 313, WIFO.
    9. Cumming, Douglas (ed.), 2012. "The Oxford Handbook of Entrepreneurial Finance," OUP Catalogue, Oxford University Press, number 9780195391244.
    10. Adeline Saillard & Thomas Url, 2011. "Venture Capital in Bank- and Market-based Economies," WIFO Working Papers 389, WIFO.
    11. Andreas Reinstaller & Fabian Unterlass, 2012. "Innovation at the Firm Level across Countries with Different Economic and Technological Capacity," WIFO Working Papers 436, WIFO.
    12. Schertler, Andrea, 2002. "Path dependencies in venture capital markets," Kiel Working Papers 1120, Kiel Institute for the World Economy (IfW Kiel).
    13. Cumming, Douglas (ed.), 2012. "The Oxford Handbook of Venture Capital," OUP Catalogue, Oxford University Press, number 9780195391596.
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    Cited by:

    1. Jürgen Janger & Tim Slickers, 2023. "Wissensproduktion und Wissensverwertung in Österreich im internationalen Vergleich," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(10), pages 699-714, October.
    2. Anna Strauss & Jürgen Janger, 2018. "Forschungsquotenziele 2020. Aktualisierung 2018," WIFO Studies, WIFO, number 60904, February.
    3. Jürgen Janger & Thomas König, 2020. "Forschungspolitik in Österreich. Zentrale Ansatzpunkte für eine Leistungssteigerung in der Grundlagenforschung," WIFO Studies, WIFO, number 66625, February.
    4. N. N., 2020. "WIFO-Monatsberichte, Heft 10/2020," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(10), October.

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