Smart capital in German start-ups – an empirical analysis

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. 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. Terms of use: Documents in EconStor mayJEL-classification: G21, G24, D21, M13, O16

Towards a Characterisation of Smart Systems: A Systematic Literature Review

“…Nevertheless, they provide relevant insights towards the achievement of a generic understanding of Smartness. For instance, considering the domain of Business and Management, [30] define smart capital as the flow of information from a company to the financier, in which there is consultation and support that flow in the opposite direction. The authors also state that the degree of smartness depends on the financial product used, the institutional background and business strategy of of the financiers, expected time-horizon of the investment, and the stage of development of the firm that is being financed.…”

“…Some works consider that smartness is possible through the extensive use of ICT or digital capabilities [18,22,23,24,25,26,17], whilst others provide a more holistic view of the concept, considering that smartness is reached through the cooperation of several factors such as policies, economy, governance, education, individuals, technology, sustainability, etc., towards the improvement of a certain environment marcelo.romero@list.lu (M. Romero); wided.guedria@list.lu (W. Guédria) and its inhabitants [27,28,29]. In the business and management field, smartness is defined by the business strategy, the background of the stakeholders or behaviours directed towards sales [30,31,32]. On the other hand, in the field of social sciences and education, smartness is viewed as a social construct instead of the inherent and interrelated abilities of an individual [33,34].…”