The Neuer Markt as an institution of creation and destruction

被引：1

作者：

Audretsch D.B. ^{[1
,2
,3
,4
]}

Lehmann E.E. ^{[5
]}

机构：

[1] Max Planck Institute, Jena

[2] Indiana University, Bloomington, IN

[3] Center for Economic Policy Research, London

[4] Department Entrepreneurship, Growth and Public Policy, Jena 07745

[5] Management and Organization, University of Augsburg, Augsburg 86159

来源：

International Entrepreneurship and Management Journal | 2008年 / 4卷 / 4期

关键词：

Entrepreneurship; Firm survival; Neuer Markt;

D O I：

10.1007/s11365-008-0085-0

中图分类号：

学科分类号：

摘要：

The market for publicly traded equity is the heart of a modern capitalist system. In particular, the market for newly listed firms is in turn a bellwether for the public equity market because the entry gives firms expanded access to capital, allowing them to emerge and grow. On the other hand, stock markets also serve as an institution to reallocate productive resources from non-surviving to surviving firms. We describe the Neuer Markt-a special segment of the Frankfurt Stock Exchange in Germany-as an institution to foster the creation of new firms and their destruction. © 2008 Springer Science + Business Media, LLC.

引用

页码：419 / 429

页数：10

共 23 条

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