Showing 1 - 10 of 372
Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to … their common presence on the platform. We finally show that these crowdfunding dynamics stir platform growth, with important …
Persistent link: https://www.econbiz.de/10012057306
Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...
Persistent link: https://www.econbiz.de/10010375321
We analyze gender discrimination in entrepreneurship finance. Access to finance is crucial for entrepreneurial success …
Persistent link: https://www.econbiz.de/10014388597
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. The analysis can …
Persistent link: https://www.econbiz.de/10011350183
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Despite these threats, popular crowdfunding schemes are able to implement optimal screening … mechanisms. Crowdfunding's after-markets enable consumers to actively implement deferred payments and thereby optimally manage …
Persistent link: https://www.econbiz.de/10011541093
During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In …
Persistent link: https://www.econbiz.de/10012226836
What role does the selection of an investor and the timing of financing play in initial coin offerings (ICOs)? We …
Persistent link: https://www.econbiz.de/10014252496
This paper investigates the factors (such as different sources of financing, energy audits and internal monitoring … performance index (EPI) and on the level of economic development in turn. The results indicate that internal financing always has … a positive effect on a firm’s propensity to adopt EEMs. Private external sources of financing appear to be more …
Persistent link: https://www.econbiz.de/10013440418
This paper investigates how access to finance and skilled workforce endowments affect the propensity of European small and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly simultaneously. For this purpose, a Multinomial Logit model is...
Persistent link: https://www.econbiz.de/10014435290
We study the effects of a unique lending program initiated by the Swedish government at the height of the financial crisis that allowed firms to suspend payment of all labor-related taxes and fees. Comprehensive administrative data on all Swedish firms show that firms borrowing from the program...
Persistent link: https://www.econbiz.de/10011300345