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This paper applies the theory of finite Markov chains to analyse the demographic evolution of Belgian enterprises. While other methodologies concentrate on the entry and exit of firms, the Markov approach also analyses migrations between economic sectors. Besides helping to provide a fuller...
Persistent link: https://www.econbiz.de/10011597232
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investors and 72 entrepreneurs belonging to 54 ventures located either in California or Belgium. Regression analyses indicate …
Persistent link: https://www.econbiz.de/10013130706
We provide empirical evidence of the post-investment performance and survivorship profile of angel-backed companies, filling a long-standing gap within the entrepreneurial finance literature. Using a unique database of 111 angel-backed companies that received angel investments between 2008 and...
Persistent link: https://www.econbiz.de/10012853731
Using a unique database of 990 VC-backed Belgian firms, we study whether compatibility between corporate and environmental characteristics matters. We address two questions: (i) Does the interplay of company, industry, and product factors affect the expected returns of the VC-backed firms? (ii)...
Persistent link: https://www.econbiz.de/10013045590
The purpose of this paper is to investigate the extent to which institutional origin has an impact on the resource endowments of science-based entrepreneurial firms, which are founded from the research base developed at public research organisations. Investigation of the potential explanatory...
Persistent link: https://www.econbiz.de/10014200051
In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models that...
Persistent link: https://www.econbiz.de/10014030440
In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models that...
Persistent link: https://www.econbiz.de/10014033574
abroad, often far away from Belgium. We find that INVs raised much more capital but were less likely to pay a dividend than … from Belgium. Post-IPO performance was generally bad for new ventures throughout the period, but it was much worse for INVs … than for DNVs. However, INVs performed much better if they were affiliated with the leading universal bank in Belgium. Our …
Persistent link: https://www.econbiz.de/10013492092
Building upon prior research that demonstrates how the limited knowledge of finance alternatives of entrepreneurs may cause suboptimal finance decisions, this paper examines how entrepreneurs’ human and social capital influence their knowledge of finance alternatives. For this purpose, we use...
Persistent link: https://www.econbiz.de/10014187285