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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 projectś feasibility. Our...
Persistent link: https://www.econbiz.de/10003809914
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Private matters
Helwege, Jean; Packer, Frank - In: Journal of financial intermediation 18 (2009) 3, pp. 362-383
Persistent link: https://www.econbiz.de/10003878942
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The interdependence of R&D activity and debt financing of young firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2012
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms’...
Persistent link: https://www.econbiz.de/10009510150
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The interdependence of R&D activity and debt financing of young firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009523478
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Public Policy, Entrepreneurship, and Venture Capital in the United States
Cumming, Douglas J. - 2014
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013070904
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Public Policy, Entrepreneurship, and Venture Capital in the United States
Cumming, Douglas J. - 2013
This paper empirically examines business starts, deaths, venture capital and patents in relation to U.S. public policy. The most consistent evidence in the data shows that lower levels of labor frictions and higher levels of SBIR awards are associated with more business starts and higher levels...
Persistent link: https://www.econbiz.de/10013076671
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A story on SPACs
Lakicevic, Milan; Vulanovic, Milos - 2012
. -- SPACs ; Blank Checks ; Venture Capital ; IPO's ; Warrants ; Reverse Mergers …We study characteristics of Specified Purpose Acquisition Companies (SPACs) and examine the performance of their … securities over time. We find that SPACs represent a fairly unique way to raise capital. The incentives of their founders …
Persistent link: https://www.econbiz.de/10009656245
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The pecking order of innovation finance
Mina, Andrea; Lahr, Henry - 2018
This paper examines the relationship between firms' innovation activities and the hierarchy of financing behaviours. We analyse the role of innovation inputs (R&D), intermediate outputs (patents) and outcomes (product and process innovations) as sources of information asymmetry in financing...
Persistent link: https://www.econbiz.de/10011919534
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Comparative study of the relevance of equity financing in European SMEs
Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: Journal of business economics and management 21 (2020) 6, pp. 1543-1560
This paper contributes to the academic debate on the pecking order theory and SMEs equity financing, in this equity financing gap. In order to address this problem, this study relies on the empirical design that is driven by the premises of the pecking order theory and distinguishes between the...
Persistent link: https://www.econbiz.de/10012505322
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What is the Real Role of Corporate Venture Capital ?
Lantz, Jean-Sébastien; Sahut, Jean-Michel; Teulon, … - Institut de Préparation à l'Administration et à la … - 2014
Technological innovation is not exclusive to great industrial groups. Sometimes, innovative and dynamic companies emerge in high-tech sectors and constitute a serious threat for some industry giants. However, the high reactivity of these small companies is generally impaired by problems of...
Persistent link: https://www.econbiz.de/10010764025