Showing 1 - 10 of 20,166
Persistent link: https://www.econbiz.de/10003936701
Persistent link: https://www.econbiz.de/10009500696
This paper investigates the influence of social capital on young firms' financing arrangements. Using a sample of U.S. start-ups, I find that social capital, as captured by secular norms and social networks in the entrepreneur's county, increases access to outside financing and reduces reliance...
Persistent link: https://www.econbiz.de/10012827472
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
This paper deals with the question of whether public venture capital (VC) is performing its task properly, taking a look at how public VC companies' selection process, investment behavior, and consulting services reflect goals that differ from those of private VC firms. The results present...
Persistent link: https://www.econbiz.de/10003376214
This article provides an overview of sources of finance and some patterns of financing for entrepreneurial firms in Canada. Based on Miglo (2018), we compare the predictions of major theories of entrepreneurial finance (flexibility theory of capital structure, asymmetric information, credit...
Persistent link: https://www.econbiz.de/10012897102
We analyze the relation between different forms of debt financing at the firm's start-up and subsequent firm outcomes. We distinguish between business debt, obtained in the name of the firm, and personal debt, obtained in the name of the firm's owner and used to finance the start-up firm....
Persistent link: https://www.econbiz.de/10012972659
This paper examines the interaction between venture risk, product market competition and entrepreneurs' choice between bank financing and venture capital (VC) financing. Under bank financing, a debt-type contract emerges as optimal, which allows the entrepreneur to retain full control of the...
Persistent link: https://www.econbiz.de/10012973461
We exploit state-level changes in the amount of personal wealth individuals can protect under Chapter 7 to analyze the effect of debtor protection on the financing structure and performance of a representative panel of U.S start-ups. The effect of increasing debtor protection depends on the...
Persistent link: https://www.econbiz.de/10012975744
Nigeria is a viable country for business and good investment to make more income irrespective of the lingering economic crisis, the country is currently going through. Nigerian economy in the 21st Century is faced with diverse and massive challenges. This is giving Nigeria's economy huge...
Persistent link: https://www.econbiz.de/10013014198