Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25589
Authors: 
Schäfer, Dorothea
Schilder, Dirk
Year of Publication: 
2007
Series/Report no.: 
Jena economic research papers 2007,015
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.
Subjects: 
Smart capital
start-up financing
venture capital
banks
JEL: 
G21
G24
D21
M13
O16
Document Type: 
Working Paper

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