Prasad, Dev; Bruton, Garry D.; Vozikis, George - In: Venture Capital 2 (2000) 3, pp. 167-182
<title/> Prior investigations have demonstrated that, under the assumption of unlimited available personal funds, the proportion of equity retained by the entrepreneur in a new venture is an indicator of the proposed project's quality. Signaling theory argues that this signal of quality can be used by...