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Young enterprises and bank credit denials

Mascia, Danilo V. - 2018

By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our findings appear to confirm our suspicions that new...

Persistent link: https://www.econbiz.de/10011845249

Success Breeds Success Locally : A Tale of Incubator Firms

Inci, Eren - 2008

This paper considers a region in which some would-be entrepreneurs are in the network of a hub firm and the rest stand alone. Project ideas come in two types: good and not-so-good. Entrepreneurs need to borrow from banks or local financiers to start their projects. Local financiers receive a...

Persistent link: https://www.econbiz.de/10014055013

Matching in Entrepreneurial Finance Networks

Pasquini, Ricardo - 2017

We empirically explore the importance of networks in the match formation of startups and investors. Using a massive network of connections from the entrepreneurial finance setting in California, we estimate a matching model introducing network distance as a key determinant of the value of a...

Persistent link: https://www.econbiz.de/10012968861

The effect of credit composition on entrepreneurship

Aghdam, Ali Nassiri; Behdarvand, Shahin; Sheshdeh, … - In: Latin American journal of central banking : LAJCB 4 (2023) 4, pp. 1-21

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the … composition on entrepreneurship in 54 high- and middle-income economies from 2001 to 2016. To capture credit composition, we … entrepreneurship. The results indicate that credit composition is important for both high- and middle-income economies, but the …

Persistent link: https://www.econbiz.de/10014496880

Alumni Networks in Entrepreneurial Financing

Garfinkel, Jon A.; Mayer, Erik J.; Yimfor, Emmanuel - 2022

One in three deals in the early-stage financing market involves an investor and founder from the same alma mater. We show that founders' connections to early-stage investors through shared education networks are more important than school academic quality or shared geography in facilitating...

Persistent link: https://www.econbiz.de/10013313387

Finance for micro, small, and medium-sized enterprises in India : sources and challenges

Singh, Charan; Wasdani, Kishinchand Poornima - 2016

Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...

Persistent link: https://www.econbiz.de/10011522010

Lender-Borrower Relationships and Loan Origination Costs

Ostromogolsky, Philip - 2017

Using a recently developed method of causal inference, this paper estimates the additional up-front loan origination costs that a small business can expect to pay when it first borrows from a new lender. I compare firms that borrow from a previously unused financial institution with firms that...

Persistent link: https://www.econbiz.de/10012957943

Gender and the Availability of Credit to Privately Held Firms : Evidence from the Surveys of Small Business Finances

Cole, Rebel A. - 2018

This study analyzes differences by gender in the ownership of privately held U.S. firms and examines the role of gender in the availability of credit. Using data from the nationally representative Surveys of Small Business Finances, which span a period of sixteen years, we document a series of...

Persistent link: https://www.econbiz.de/10012940483

Financing Entrepreneurial Production : Security Design with Flexible Information Acquisition

Yang, Ming - 2017

We propose a theory of security design in financing entrepreneurial production, positing that the investor can acquire costly information on the entrepreneur's project before making the financing decision. When the entrepreneur has enough bargaining power in security design, the optimal security...

Persistent link: https://www.econbiz.de/10012974734

A Theory of Crowdfunding — A Mechanism Design Approach with Demand Uncertainty and Moral Hazard : Comment

Ellman, Matthew - 2018

Strausz (2017) claims that crowdfunding implements the optimal mechanism design outcome in an environment with entrepreneurial moral hazard and private cost information. Unfortunately, his analysis, solution and claim depend critically on imposing an untenable condition (29) that he had...

Persistent link: https://www.econbiz.de/10012931333

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