This study determines the role of different modes of financing in shaping firms' startup size decision. According to the principal hypothesis, the greater the startup's access to bank loans and external private equity, the larger the startup will be. It is also hypothesized that the positive...

The purpose of this study is to test various theses on the banking industry's ability to help launch Internet-based startups in Italy and to identify the factors that facilitate Internet startup founders' access to the bank loan market.First, three different views on the functioning of the loan...

In this paper, we jointly analyze the effect of the human capital of founders and access to venture capital (VC) financing on the growth of 439 Italian new technology-based firms (NTBFs). We rely on econometric models that control for survivorship bias and the endogeneity of VC financing. As to...

In this paper, we introduce the special issue on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are trying to bring that...

Venture Capital (VC) was borne and has flourished in the United States, yet it has only limitedly developed in other geographical areas. A conspicuous body of research have been carried out to investigate the factors which are more conducive to VC activism, and to the analysis of which factors...

Innovative entrepreneurship plays a key role for the economy development and several policy interventions are usually implemented to support and sustain the phenomenon, at least in numerical terms. However previous studies highlight that is not the number of startups which enhance the economic...

This paper tests the presence of an ‘entrepreneurial imprinting effect' of founders' human capital on entrepreneurial ventures' sales growth performance. More specifically, we disentangle the effect of the stock of human capital possessed at foundation from the potential injections and losses...