With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we ask the natural next question: Does increased diversity lead to better firm performances? In this paper, we attempt to answer this question using a unique dataset of the gender...

Venture capital is an alternative source of funding for SMEs in Malaysia. Recognizing the importance of this industry toward economic growth, the Malaysian government has initiated various strategic plans. Despite promising growth of the venture capital market, past empirical findings reveal...

I study the role of accounting and financial reporting in entrepreneurial finance by examining whether financial statement disclosure increases capital raised through equity crowdfunding. On average, I find a positive association between financial reporting and capital raised, suggesting that...

Venture capital is an alternative source of funding for SMEs in this country. Recognizing the importance of this industry toward economic growth, Malaysian government has initiated various strategic plans. Despite the promising growth of venture capital market here, past empirical findings...

While finance is a critical input to the innovative process, it is often difficult to obtain, particularly in developing economies with less well-developed financial markets. As innovation is a central driver of growth, it is therefore important for policymakers to understand how different...

For the last decade economists have been preoccupied with the decline in bank financing to small businesses and entrepreneurs. This effort has produced a better understanding of the obstacles to external financing. We examine the market and policy instruments that in some sense encourage more...

The Internet has long promised the democratization of entrepreneurial finance by disintermediation of the interaction between those who want to invest money and those who need it. Equity crowdfunding platforms are one such mechanism. Using a sample of 58 equity offerings of UK crowdfunding...

Policy-makers expect equity crowdfunding to democratize entrepreneurial finance, by providing access to funding to underrepresented groups of potential entrepreneurs. This paper investigates whether gender, age, ethnicity, and geography affect the choice of equity crowdfunding offerings vs...