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This article analyzes the patterns of financing for entrepreneurial firms in Canada. We compare the predictions of major theories of entrepreneurial finance and some more recent ideas (e.g., crowdfunding-related ideas/theories) with empirical evidence. Regression and correlation analyses were...
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(SME), but little is known about how crowdfunding campaigns fit into the capital structure decisions of SMEs. Combining … insights from SME capital structure and crowdfunding literatures results in high ambiguity, as crowdfunding seems to change SME … financing dynamics, but in an uncertain direction. We construct variables based on previous work on SME capital structure …
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