Inci, Eren; Parker, Simon C. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
We study entrepreneurs’ start-up financing from banks and local financiers. An informalnetwork, whose membership cannot be observed by outsiders, conveys the good signals itgets about the hidden types of network entrepreneurs to local financiers, which are thenreflected in different loan...