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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
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
Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known ex-post decision to exit, entrepreneurs select ex-ante whether they are willing to pursue an entrepreneurial career at all, or to give up these entrepreneurial intentions. This...
Persistent link: https://www.econbiz.de/10011374393
We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...
Persistent link: https://www.econbiz.de/10011349713
. -- entrepreneurship ; self-employment ; capital constraints ; transitions ; entry barriers ; business start-ups …
Persistent link: https://www.econbiz.de/10009518408
Innovative start-ups are an important driver of economic growth. This article presents empirical evidence on the … effects of R&D on new product development, inter-firm alliances and employment growth during the early life course of firms …. We use a dataset that contains a sample of new firms that is representative for the whole population of start-ups. This …
Persistent link: https://www.econbiz.de/10003803128
Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering firms in various industries are shown to differ...
Persistent link: https://www.econbiz.de/10013118276
We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...
Persistent link: https://www.econbiz.de/10012779167
We classify industries using measures of entry barriers and proceed to investigate how determinants of entry vary in high- as opposed to low-barrier fields. The wealth and educational background characteristics potential entrepreneurs possess, we found, predispose them to make distinctly...
Persistent link: https://www.econbiz.de/10012856801
Innovative start-ups are an important driver of economic growth. This article presents empirical evidence on the … effects of R&D on new product development, inter-firm alliances and employment growth during the early life course of firms …. We use a dataset that contains a sample of new firms that is representative for the whole population of start-ups. This …
Persistent link: https://www.econbiz.de/10013034941