Medium-sized manufacturing firms play an important role in Austria
Lower contribution to value added but similar share of exports confirm high export orientation of Austrian SMEs
Austrian SMEs are more likely to engage in exporting
Austrian SMEs contribute more to medium-high to high-tech sectors and knowledge-intensive market services
Austrian SMEs in manufacturing sectors close to productivity of top performers but lag behind in service sectors
Weak productivity growth in service sectors drags on aggregate productivity growth
Overall productivity performance masks differences between sectors
SMEs perform comparatively well on productivity, but larger firms lag further behind the global frontier
Demographic change reduces the size of Austria’s talent pool
Business investment is above pre-crisis levels with shift towards intangibles
High debt-to-equity ratios but moderate total leverage point to lack of equity capital
High capital intensity and prevalence of family-owned enterprises lead to high debt-to-equity ratios in tourism industries
Debt-to-equity ratios of Austrian SMEs are higher than in peer countries
Bank loans are the most important form of external credit for small- and medium-sized firms
Austria has the lowest stock market capitalisation in the OECD and the market lacks liquidity
Number of listings per GDP (1 million USD)
Protection of minority shareholder interests across countries
Estimates of Austria's listing gap
Young firms are successful in surviving the first years but do not grow large
Venture capital markets lag behind
Growth capital markets are not well developed
Revenue and rates for corporate income tax
Effective marginal corporate income tax rates are high particularly for intangible investment
Employment in Austria lost middle-skilled jobs but gained high-skilled jobs
Austria attracts many international students but few stay after graduation
Austrians perceive themselves as capable for entrepreneurial activity…
…and have less fear of failing than elsewhere