The purpose of this paper is to examine the essential characteristics of the financial statements of FinTech start-ups and to investigate which figures of balance sheets are suitable indicators of failure for this still rising group of start-ups. We conduct a quantitative analysis of 595 annual...

Fintech startups have set out to revolutionize the financial world. However, little is known about how successful and innovative these firms actually are. This paper investigates firm failure, funding success, and innovation capacity using a hand-collected dataset of 892 German fintechs founded...

This study investigates the role of platform-mandated disclosure, firm and owner attributes and social networking activity on the success of crowdfunding campaigns. It is found that more stringent platform disclosure requirements and risk warnings are not associated with success of crowdfunding...

There is significant and growing interest in entrepreneurship. Notwithstanding this interest, sizable barriers limit our understanding of the phenomenon and, by implication, our understanding of who is most likely to succeed in it. One fundamental challenge we face is the confounded language we...

Social networks are now deemed a critical element of economic activity. In the study of social networks and new venture creation, immigrant entrepreneurs have received focused attention as exemplary cases illustrating the benefits of social networks. The seemingly tightly woven networks among...

Evidence shows that social network structures drive important economic outcomes. Building on social network theory, this study is the first to analyse the impact of team networks on venture success. Using information about team affiliations for a sample of token-financed startups, we model...

This study investigates firm survival and employment growth of start-ups by unemployed people in East and West Germany as promoted by the Work Support Act (so called bridging allowances). In 1994, the services provided were improved considerably, which led to a sharp increase in the number of...

We study the relationship between ethnicity, occupational choice, and entrepreneurship. Immigrant groups in the United States cluster in specific business sectors. For example, the concentration of Korean self-employment in dry cleaners is 34 times greater than other immigrant groups, and...

We analyze the effect of industry, region and time on new-business survival rates by means of a multi-dimensional approach. The data relate to West German districts in the 1983-2000 period. The survival chances of start-ups tend to be relatively low in industries characterized by a high minimum...