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We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...
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entrepreneurship. It is designed primarily to showcase to young entrepreneurship scholars several interesting research questions and a … intellectual bedrock of the Economics of Entrepreneurship. After that, I present and discuss some well-established theoretical … the foundations of entrepreneurship that are delineated in the main body of the article. …
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redistributive gains in the form of better loan terms as network members. -- entrepreneurship ; financiers ; networks ; start …
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