Dr. Martin Hud (Centre for European Economic Research (ZEW))
The ZEW Research Data Centre (ZEW-FDZ) provides external researchers with access to research data collected by ZEW. The aim of this presentation is to give an overview of the most frequently accessed ZEW data, the Mannheim Innovation Panel (MIP) and the IAB/ZEW Start-up Panel (SUP). Both surveys contain detailed information on firms’ investment decisions. While the MIP’s focus is on innovation investment, the SUP additionally includes information on firms’ financing decisions. Both surveys have been conducted long enough to cover the years before, during and after the economic crisis of 2008/2009. Therefore, the datasets are well-suited to analyse firm-level implications of aggregate shocks and financing conditions.
The Mannheim Innovation Panel
The Mannheim Innovation Panel is the German part of the European Community Innovation Survey (CIS). The MIP is an annually conducted panel survey on firms’ innovation activities. Each year, about 7,000 firms participate. One major focus of the survey is on the firms’ innovation investments, separating R&D expenditures and other expenditures such as for marketing, design and training. The questionnaire also allows to investigate firm-level effects of public R&D subsidies, which are a very important type of financing for innovation projects. Further, it asks for the importance of financial restrictions for innovation investment.
The IAB/ZEW Start-up Panel
In order to create appropriate business conditions for new ventures, empirically founded, broad and continuously updated knowledge is necessary. The IAB/ZEW Start-Up Panel is an instrument that meets these requirements. It accompanies the development of start-ups for several years and provides a wide range of firm-specific information. Each year approximately 6,000 firms are interviewed by telephone. One of the main topics of the annual survey is the financing of the foundation process, the start-up phase, and the first growth phase. Besides bank financing, we focus on the financing of high-tech start-ups with venture capital.