IDEAS home Printed from https://ideas.repec.org/a/ids/ijesbu/v29y2016i1p4-24.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=78051
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijesbu:v:29:y:2016:i:1:p:4-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=74 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.