This study determines the role of different modes of financing in shaping firms' startup size decision. According to the principal hypothesis, the greater the startup's access to bank loans and external private equity, the larger the startup will be. It is also hypothesized that the positive...

The aim of this paper is to analyze empirically the relation between the human capital of the founding team and the growth of new technology-based firms through the estimates of econometric models. For this purpose, we take advantage of a new data set relating to a sample composed of 391 Italian...

Public intervention in high-tech sectors is often advocated to resolve market imperfections that may possibly limit the viability of young high-tech enterprises. Although some European countries have adopted national government support policies that explicitly target this type of firm, in Italy...

This paper aims to shed new light on start-up financing of new technology-based firms (NTBFs) and the existence of credit cons- traints that may negatively affect their activity. For this purpose, we analyze the different sources of start-up financing used by a sample composed of 386 Italian...