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Innovation and Investment Funding in the post-crisis period

PublicationBook chapter
Andreas Stephan, Dorothea Schäfer, Financing of Innovations, Företagandets villkor, Innovativa företag, SMEs, Tyskland

Abstract

This study examines the actual funding behavior of German innovative firms in the pre- and post-crisis period. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME) changed during and since the financial crisis. The purpose of our analysis is to assess whether the aims of the European CMU action plan, funding innovation and investment activities, complements the behavior of German SMEs. We find fairly stable funding patterns over the years and there is no indication that financial constraints have become tighter in the post-crisis period. Consequently, realizing the CMU’s central goal of broadening the funding mix could leave the funding behavior of German SMEs largely unaffected.

Schäfer, D., & Stephan, A. (2017). Innovation and Investment Funding in the post-crisis period: have financing patterns and financial constraints of German firms changed?Vierteljahrshefte zur Wirtschaftsforschung, 86(1) (pp. 129-142). DOI:10.3790/vjh.86.1.129

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Innovation and Investment Funding in the post-crisis period
BokkapitelPublication
Schäfer, D., & Stephan, A.
Publication year

2017

Abstract

This study examines the actual funding behavior of German innovative firms in the pre- and post-crisis period. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME) changed during and since the financial crisis. The purpose of our analysis is to assess whether the aims of the European CMU action plan, funding innovation and investment activities, complements the behavior of German SMEs. We find fairly stable funding patterns over the years and there is no indication that financial constraints have become tighter in the post-crisis period. Consequently, realizing the CMU’s central goal of broadening the funding mix could leave the funding behavior of German SMEs largely unaffected.

The identity crisis of sharing: from the co-op economy to the urban sharing economy phenomenon
Book chapterPublication
Geißinger, A., Pelgander, L., & Öberg, C.
Publication year

2021

Published in

In A Modern Guide to the Urban Sharing Economy. Edward Elgar Publishing.

Abstract

This chapter explores the disparities between the two main dimensions of the contemporary Sharing Economy. On the one side, non-market collaborative economy actors are shaping the community orientation. On the other side, the market-oriented platform economy utilizes commercial interest in cities based on the scalability of ‘peer’ users and providers. It is within this tension that the chapter aims to illustrate how today’s sharing economy got into an identity crisis. By drawing on the literature of organizational identity, we utilize five different sharing economy actors across the market/non-market continuum in Sweden to discover who they are and what societal impact they envision. The chapter discusses how over time, sharing economy actors seem to have moved from a co-operative, non-commercial model of sharing to instead focus on a commercial sharing approach in a predominant urban setting. We end the chapter by initiating a general debate about the future of the peer-to-peer sharing idea.

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Geißinger, A., Pelgander, L., & Öberg, C. (2021). The identity crisis of sharing: from the co-op economy to the urban sharing economy phenomenon. In A Modern Guide to the Urban Sharing Economy. Edward Elgar Publishing.

Tracking the Institutional Logics of the Sharing Economy
Book chapterPublication
Geissinger, A., Laurell, C., Öberg, C. & Sandström, C.
Publication year

2019

Abstract

With the radical growth in the ubiquity of digital platforms, the sharing economy is here to stay. This Handbook explores the nature and direction of the sharing economy, interrogating its key dynamics and evolution over the past decade and critiquing its effect on society.
Using an interdisciplinary perspective, this Handbook analyses labour, governance, trust and consumption in the contemporary sharing economy. It questions the apparent contradiction between its components: the moral economy of small-scale communal sharing versus the far-flung reaches of the market economy. Chapters explore ways to resolve this paradox, theorizing hybrid economic forms and considering the replacement of human trust inherent in the sharing economy with a transactional reputation economy. Featuring a variety of both conceptual explorations and empirical investigations in a variety of different cross-cultural contexts, this Handbook illustrates how and, more importantly, why the sharing economy has reshaped marketplaces, and will continue to disrupt them as it develops.
Written in an accessible style, this thorough Handbook offers crucial insights for researchers across a variety of disciplines interested in the trajectories of modern consumption and market development, as well as students studying the sharing economy. Practitioners, policy makers and public speakers working in and around the sharing economy will also benefit from this book’s unique analysis of trends in consumer and market economics.

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