Venture Financing and Role of Certification: A Theoretical Perspective

This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model to cases of pre-venture-capital start-up firms, along with the practical implications that would follow, efforts are made to derive some testable hypotheses for further research on the topic.

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Year of publication:	2001
Authors:	Yazdipour, Rassoul
Published in:	Journal of Entrepreneurial Finance. - Graziado School of Business and Management. - Vol. 6.2001, 1, p. 156-60
Publisher:	Graziado School of Business and Management
Subject:	Capital \| Entrepreneur \| Financing \| IPO \| Venture Capital

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Extent:	application/pdf
Type of publication:	Article
Classification:	G32 - Financing Policy; Capital and Ownership Structure ; G24 - Investment Banking; Venture Capital; Brokerage ; M13 - Entrepreneurship ; L25 - Firm Size and Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010790715