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Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …
Persistent link: https://www.econbiz.de/10010266651
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Financial signaling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …
Persistent link: https://www.econbiz.de/10010291111
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A kockázati- és magántőke-ágazat szerepe a gazdaságban
Karsai, Judit - 2020
Venture capital and private equity financing has become an important mechanism for the development and radical transformation of companies worldwide in recent decades. Nevertheless, the venture capital and private equity sector covers only a relatively small proportion of economic activity...
Persistent link: https://www.econbiz.de/10012604922
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A Note on the Use of Debt by Venture Capital Backed Firms
Mull, Rick H.; Winters, Drew B. - In: Journal of Entrepreneurial and Small Business Finance 5 (1996) 3, pp. 287-293
Much of the current research regarding the venture capitalist examines samples of venture capital (VC) backed firms rather than the venture capitalist itself. While VC backed firms may represent the most reasonable proxy available for the study of the venture capitalist, consideration of...
Persistent link: https://www.econbiz.de/10011310371
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Venture Financing and Role of Certification: A Theoretical Perspective
Yazdipour, Rassoul - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 156-160
underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model …
Persistent link: https://www.econbiz.de/10011310380
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Financing technology-based small firms in Europe: A review of the empirical evidence
Revest, Valérie; Sapio, Sandro - 2009
This paper reviews the evidence on financing technology-based small firms (TBSFs) in Europe. The main findings in the literature are the 1) European TBSF's finance new investments by relying primarily on internal funds, due to capital market failures induced by asymmetric information; 2)...
Persistent link: https://www.econbiz.de/10010328394
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Risk management in the venture capital industry: Managing risk in portfolio companies
Proksch, Dorian; Stranz, Wiebke; Pinkwart, Andreas; … - In: The Journal of Entrepreneurial Finance (JEF) 18 (2016) 2, pp. 1-33
Managing risk is one of the main activities of venture capital companies. Despite the fact that this topic is of high practical relevance, only little research was published on risk management performed by venture capital companies in their ventures. Hence, we conducted a structured literature...
Persistent link: https://www.econbiz.de/10012012678
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The Determinants of Venture Capital: Additional Evidence
van Pottelsberghe de la Potterie, Bruno; Romain, Astrid - 2004
intensity is pro-cyclical. Interest rates affect more the demand side of VC (entrepreneurs) than the supply side. Indicators of … a minimum level of entrepreneurship is required in order to have a positive effect of the available stock of knowledge …
Persistent link: https://www.econbiz.de/10010295646
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Financing High-Tech Growth: The Role of Debt or Equity
Audretsch, David B.; Lehmann, Erik E. - 2004
Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...
Persistent link: https://www.econbiz.de/10010261487
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On the real effects of private equity investment: evidence from new business creation
Popov, Alexander; Roosenboom, Peter - 2009
Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation...
Persistent link: https://www.econbiz.de/10011605124