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that traditional sources of capital accounted for 65% of the firms' start-up capital and 35% of the start-up capital was … compared to traditional sources of financing when bootstrap financing comprised at least 60% of the total start-up capital. No …
Persistent link: https://www.econbiz.de/10010790689
, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base … debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained …
Persistent link: https://www.econbiz.de/10010790726
This study examines how risk evolves in private, venture capital backed companies. It finds that the stochastic Ito processes assumed for public companies probably apply to young, private companies as well. However, the parameters, drift rate and standard deviation, are generally higher. Venture...
Persistent link: https://www.econbiz.de/10010790652
early-stage ventures, both internal ventures and start-up companies. It offers many advantages over the venture capitalists …
Persistent link: https://www.econbiz.de/10010790692
that the two most common start-up financing alternatives are personal savings and commercial bank loans. Commercial banks …
Persistent link: https://www.econbiz.de/10010765285
During the process of starting and growing a company, entrepreneurs seek help from their key advisors, which include its directors, advisory board members, financiers, as well as others informally affiliated with the venture. This paper examines how the various groups add value to a venture and...
Persistent link: https://www.econbiz.de/10010765293
Changing conditions in the angel market offer a unique opportunity to further knowledge and understanding about angel investing in the US during times of economic volatility. To identify trends in the angel market, this research examines changes in characteristics and investment behavior during...
Persistent link: https://www.econbiz.de/10010765294
Managers of start-up firms make a number of important yet understudied decisions, such as whether or not to develop a …
Persistent link: https://www.econbiz.de/10010765298
We use a simple model to analyze the founding stage of new firms. Our goal is to characterize the directional causality between the expected rewards from entrepreneurship and the length of prior labor market experience that entrepreneurs possess. We test predictions about the timing of the...
Persistent link: https://www.econbiz.de/10010765303
Investment in innovation in industrialized economies increasingly is taken over by large firms that operate their own R&D divisions and transform technological change into a routine bureaucratized process. Powerful competitive forces require firms to do this for survival. But such routinized...
Persistent link: https://www.econbiz.de/10010765328