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entrepreneurs' interactions with different categories of private equity investors, namely business angels (BAs) and formal venture … that growth paths depend strongly on the entrepreneurs being more or less able to simultaneously leverage BAs' and VCs …' financial as well as cognitive resources. The entrepreneurs ‘capability to do so, is shown to be dependent on their specific …
Persistent link: https://www.econbiz.de/10012923432
Start-up growth is often treated as a stylised fact, despite an extensive research body composed of divergent theories and empirical findings. Against this background, this work contributes to the literature by analysing a hand-collected dataset of 2,951 EIF-backed VC start-ups. Section 2...
Persistent link: https://www.econbiz.de/10011863300
New industry finance has the following five characteristics. First, information asymmetry problem appears relatively stronger in the new industry finance compared to the normal industry finance. Asymmetry of information between trading partners means that the amount of information is on...
Persistent link: https://www.econbiz.de/10014241028
This paper aims to examine the influence of national institutions on start-up firms’ initial growth and internationalization. Focusing on two entrepreneurial start-ups in the ICT sector, this study highlights Japanese institutions in transition, and depicts the way in which rapidly growing...
Persistent link: https://www.econbiz.de/10014041221
We analyze innovation in emerging and newly industrialized economies over the past 30 years, with the emphasis being on Asian economies. We use US patent data to study how the innovative capabilities of Taiwan, Korea, Hong Kong and Singapore have expanded in relation to emerging economies in...
Persistent link: https://www.econbiz.de/10014109800
The aim of this study is to investigate the relationship between foreign direct investment and economic growth in seven emerging countries. Past empirical studies have failed to estimate the long run relationship between the variables in these countries, which has created a gap in the...
Persistent link: https://www.econbiz.de/10012201990
This note investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21...
Persistent link: https://www.econbiz.de/10011280365
Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … force starts a business in any given year. Yet entrepreneurs, particularly innovative entrepreneurs, are vital to the … the medium term through "creative destruction" as entrepreneurs strive for increased productivity. …
Persistent link: https://www.econbiz.de/10011413660
Most extant research shows that female entrepreneurs are less likely to grow large firms and, in fact, don't want to … grow their firms as large as male entrepreneurs do. This study of 191 nascent entrepreneurs finds that neither men nor … women entrepreneurs consider firm growth a top priority for their emerging firms. These a priori ideas about growth and firm …
Persistent link: https://www.econbiz.de/10013159214
Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on...
Persistent link: https://www.econbiz.de/10010270564