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Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social … experience tend to raise more venture capital at an early round of financing and tend to complete the early round much more … experience appear to raise more venture capital. This implies that skills acquired from any previous founding experience can make …
Persistent link: https://www.econbiz.de/10003632107
Academic entrepreneurship has become an increasingly important channel through which universities contribute to economic development. This paper studies academic entrepreneurs using a comprehensive venture capital database. I find that about two-thirds of the academic entrepreneurs locate their...
Persistent link: https://www.econbiz.de/10003539354
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009523478
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...
Persistent link: https://www.econbiz.de/10009530313
Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not necessarily".
Persistent link: https://www.econbiz.de/10010252710
Our paper investigates how the type of work experience gained from prior paid employment influences the path to … large and rich French data set, we find that small firm experience increases the likelihood for business takeover, whereas … management and same sector experience both increase the likelihood for new ventures. Our findings are relevant for policymakers …
Persistent link: https://www.econbiz.de/10011476546
Persistent link: https://www.econbiz.de/10001818938
This paper analyzes the role of networks in access of women entrepreneurs to start-up capital and firm performance in Eswatini, a country with one of the highest female unemployment rates in Africa. The paper first shows that higher initial capital is associated with better sales performance for...
Persistent link: https://www.econbiz.de/10011988636
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...
Persistent link: https://www.econbiz.de/10011732046
Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival differ between the two entry modes? Using a large French...
Persistent link: https://www.econbiz.de/10011763818