We find that an entrepreneur's negative personal attitude towards debt - debt aversion - affects the financing decisions of the businesses they run. We conduct a large-scale survey of entrepreneurs and link it to their firms' registry-based financial information. After controlling for a range of...

The topic of entrepreneurial finance involves many issues including but not limited to the risks and returns to being an entrepreneur, financial contracting, business planning, capital gaps and the availability of capital, and market booms and busts. This handbook provides a comprehensive...