The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent...

Ausgestaltung von Beteiligungsverträgen bei VC-Finanzierungen -- Systematische Literaturanalyse zu VC-Verträgen mit Darstellung des aktuellen Forschungsstands -- Überprüfung und Validierung des VC-Vertragsmodells mithilfe von Experteninterviews -- Empirisch-quantitative Untersuchung des...

Scholars have long sought to understand the advantages different types of firms may have in generating innovation. A popular notion is that startup companies are able to attract employees with “fire in the belly,” allowing them to be more productive. Yet research has paid little attention to...

Entrepreneurs are often faced with problems regarding start-up financing. But compared to novice entrepreneurs, experienced entrepreneurs should have both more knowledge and better contacts, which should potentially reduce the occurrence of problems and affect finance composition. However,...