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Can Institutional Change Impact High-Technology Firm Growth?: Evidence from Germanys Neuer Markt
The study provides evidence that not only did many new firms obtain funding from Germanys Neuer Markt, but that for the first time in recent history, Germany succeeded in enabling smaller firms to grow faster than larger firms.
Link
ftp://papers.mpiew-jena.mpg.de/egp/discussionpapers/2004-25.pdf