Showing 1 - 10 of 4,011
and bank loans in the early financing of new firms and the relationship between financing choice and subsequent innovation … mix I use a two-stage analysis to probe the relationship between financing and innovation. In a novel strategy, I exploit … the role of entrepreneurial optimism to discern the relationship between debt financing and innovation outcomes …
Persistent link: https://www.econbiz.de/10013070165
This paper outlines a theory of dominant money, i.e. the means of payment that determines the money system and monetary policy during a certain epoch. In modern times, there have been three tidal changes in the composition of the money supply with a new type of money on the rise: unregulated...
Persistent link: https://www.econbiz.de/10012844864
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011338011
Recently a new type of institution has emerged, crowd funders. These entities: 1) channel capital to create intellectual property; 2) gather information on project and entrepreneur quality; and 3) gauge demand information directly from individuals to improve the efficiency of capital allocation....
Persistent link: https://www.econbiz.de/10013005729
Roughly one-third of our sample firms show substantial ownership structure changes over time. Growth potential, risk sharing, and demand for external capital seem to be the main reasons behind dilutions of ownership structures, and these firms show strong growth in the following five years....
Persistent link: https://www.econbiz.de/10013026161
Business angels (BAs) and venture capitalists (VCs) are important sources of finance for entrepreneurs in emerging markets for raising start-up and growth capital. Recognising that entrepreneurial investment evaluation decision-making is a highly complex process, and that there are limited...
Persistent link: https://www.econbiz.de/10012990201
Definition and comparison of the current business environment of the Czech and Slovakian SMEs in the selected regions are the main objectives of the article. In accordance with this objective motivational factors, status in the society, relationship to the state, level of the corruption,...
Persistent link: https://www.econbiz.de/10011820217
This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review … paper discusses the potential shortcomings of public equity markets that may hinder innovation, and highlights various …
Persistent link: https://www.econbiz.de/10011723674
but helps to develop markets and facilitate innovation and entrepreneurship, ultimately leading to economic growth. We … governments, together with an enabling regulatory environment, facilitate technological innovation as a means of enhancing …
Persistent link: https://www.econbiz.de/10014464902
Objective: The article investigates the relative benefit of formality/informality of finance sources for innovation and … loan) benefit innovation more than informal sources (personal savings and friend/family loan). Then, they explore whether … an entrepreneur‘s status strengthens or weakens the benefit finance sources for innovation. Research Design & Methods …
Persistent link: https://www.econbiz.de/10013336389