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increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that …
Persistent link: https://www.econbiz.de/10010266651
increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that …
Persistent link: https://www.econbiz.de/10010291111
increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that …
Persistent link: https://www.econbiz.de/10004964265
innovation to the financiers through patenting and prototyping activities, right in the early stages of the venture. We build a … external finance, especially equity. However, the most important determinant of debt is house ownership. This indicates that … to obtain start-up finance. New ventures should therefore strategically use their innovativeness in order to obtain …
Persistent link: https://www.econbiz.de/10005656288
Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new … affect the probability of having external finance in the planning stage but has a positive effect in the early stage. Early …, coupled with prototypes have a higher probability for external finance which may be due to reduced uncertainties and learning …
Persistent link: https://www.econbiz.de/10005839210
Financing constraints have been discussed as a major obstacle to innovation. Small and medium-sized enterprises and … provide external finance to innovative firms based on the firms’ patent portfolios. Patents have been used as collateral or as … sense and as instruments for financing innovation. It also discusses implications of these developments for public policy …
Persistent link: https://www.econbiz.de/10008493109
This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review … paper discusses the potential shortcomings of public equity markets that may hinder innovation, and highlights various …
Persistent link: https://www.econbiz.de/10011723674
This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review … paper discusses the potential shortcomings of public equity markets that may hinder innovation, and highlights various …
Persistent link: https://www.econbiz.de/10011853002
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508
increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. -- Innovation … ; entrepreneurship ; finance ; Information Asymmetries …
Persistent link: https://www.econbiz.de/10003809914