This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider...

The topic of entrepreneurial finance involves many issues including but not limited to the risks and returns to being an entrepreneur, financial contracting, business planning, capital gaps and the availability of capital, and market booms and busts. This handbook provides a comprehensive...

Das Werk strukturiert das Wissen zum Gründungsmanagement. Die Aufgaben und Lösungen ermöglichen eine Vertiefung des Stoffes. Nicht nur für Studierende und Seminarleiter, sondern auch für Laien ist die

We investigate regional differences in the level and the development of regional new business formation activity. There is a pronounced variance of start-up rates across the regions. The level of regional new firm formation is rather pathdependent so that changes are relatively small. The main...

Empirical analyses suggest that the employment creating effect of start-ups is highest in regions with a low level of new business formation and that an increase in the regional start-up rate beyond a certain level may lead to negative employment effect. In explaining these results, we assume...