@techreport{Schafer2007Smart,
abstract = {It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of smartness is determined by the financial product used and also by the financiers institutional background, the duration of the investment and the stage of development of the firm being financed.},
address = {Jena},
author = {Dorothea Sch\"{a}fer and Dirk Schilder},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {G21; G24; D21; M13; O16; Smart capital; start-up financing; venture capital; banks; Risikokapital; Private Equity; Unternehmensberatung; Unternehmensgr\"{u}ndung; Deutschland},
language = {eng},
number = {2007,015},
publisher = {Universit\"{a}t Jena und Max-Planck-Institut f\"{u}r \"{O}konomik},
title = {Smart capital in German start-ups: an empirical analysis},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/25589},
year = {2007}
}
