Erfolgsfaktoren des Venture-Capital-Marktes in Deutschland
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Erfolgsfaktoren des Venture-Capital-Marktes in Deutschland

Erfolgsfaktoren des Venture-Capital-Marktes in Deutschland


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About the Book

Inhaltsangabe: Einleitung: In Deutschland gibt es einen breiten Konsens über die bedeutende Rolle, die kleine und mittlere Unternehmen (KMU) im Wirtschaftsprozess einnehmen. Ihre Zugangsmöglichkeiten zu ergiebigen Kapitalquellen sind ein wesentlicher Faktor für die Beurteilung der Standortqualität einer Volkswirtschaft. Dabei ist das deutsche System der Unternehmensfinanzierung, im Gegensatz zu dem der angelsächsischen Länder, traditionell stark fremdkapitalorientiert. So operieren deutsche Unternehmen mit einer im internationalen Vergleich extrem niedrigen Eigenkapitalquote (EK-Quote) von 18 - 20%. Diese führt zu einer erhöhten Krisenanfälligkeit, welche sich in der gegenwärtigen Zeit des Abschwungs durch die stark gestiegene Anzahl an Unternehmensinsolvenzen zeigt. Die Finanzierungsform Venture Capital (VC) als Teil der Eigenkapitalfinanzierung kann die EK-Quoten der Beteiligungsnehmer verbessern. Damit ermöglicht es unter anderem dem Mittelstand die Finanzierung seines Wachstums und die Verbesserung der internationalen Wettbewerbsfähigkeit. Der Schwerpunkt dieser Arbeit liegt jedoch nicht bei der Spätphasenfinanzierung bereits etablierter Unternehmen, sondern bei der Beteiligung an jungen Technologieunternehmen (JTU). Eine exportorientierte und durch Rohstoffarmut gekennzeichnete Industrienation wie die Bundesrepublik Deutschland ist zur Erhaltung und zum Ausbau der internationalen Wettbewerbsfähigkeit in besonderem Maße auf Innovationsleistungen angewiesen. Eine Schlüsselrolle nehmen dabei die JTU ein. Von ihnen gehen eine Steigerung des Innovationspotentials der Wirtschaft, eine Verbesserung der Wettbewerbsfähigkeit und nicht zuletzt Beschäftigungsimpulse aus. Neben den daraus resultierenden Wachstumseffekten ergeben sich durch Innovationen grundlegende strukturelle Veränderungen, in deren Folge neue Wirtschaftszweige entstehen. Aufgrund der hohen Arbeitslosigkeit und des geringen Wirtschaftswachstums gewinnen Existenzgründungen in Deutschland immer mehr an B


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Product Details
  • ISBN-13: 9783838664477
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 7 mm
  • Weight: 209 gr
  • ISBN-10: 3838664477
  • Publisher Date: 24 Feb 2003
  • Height: 210 mm
  • No of Pages: 114
  • Series Title: German
  • Sub Title: Eine kritische Analyse unter besonderer Berücksichtigung junger Technologieunternehmen
  • Width: 148 mm


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