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This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...
Persistent link: https://www.econbiz.de/10011723674
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10010271286
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10003896204
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10013155593
This paper shows that post-crisis stress tests have negative effects on entrepreneurship and innovation at young firms … decline in entrepreneurship in counties with higher exposure to stress tested banks. The decline is stronger in sectors with a …
Persistent link: https://www.econbiz.de/10013248778
for the exemption relative to non-eligible industries. We show that the exemption's effect on entrepreneurship is … higher degree. These findings suggest that the QSBS exemption spurred entrepreneurship by increasing prospective …
Persistent link: https://www.econbiz.de/10014350068
In the wake of the 2008 financial crisis, there has been increased focus on access to finance for small firms. Research … from before the crisis suggested that it was harder for innovative firms to access finance. Yet no research has considered … the differential effect of the crisis on innovative firms. This paper addresses this gap using a dataset of over 10,000 UK …
Persistent link: https://www.econbiz.de/10011193845
One important effect of the sluggish IPO market is the focus on deregulation and the emergence of a new generation of securities markets. These deregulated markets are considered important to stimulate entrepreneurial activity and attract venture capital. This paper argues that the introduction...
Persistent link: https://www.econbiz.de/10013063416
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review...
Persistent link: https://www.econbiz.de/10010485136
Debt financing plays an important role in the funding of innovative firms, and patents have been increasingly used as collateral. We examine financing of innovative firms when future innovations are not verifiable and hence patenting, which creates a verifiable asset, cannot be contracted upon....
Persistent link: https://www.econbiz.de/10013239856