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The impact of consumer credit access on self-employment and entrepreneurship

Herkenhoff, Kyle; Phillips, Gordon M.; Cohen-Cole, Ethan - 2018

We examine how consumer credit access impacts self-employment and small business ownership by building a new dataset that links 3 million individual earnings and credit reports to pass-through tax records. We show that self-employment and employer business ownership increase with personal credit...

Persistent link: https://www.econbiz.de/10012104568

A theory of entrepreneurial overconfidence, effort, and firm outcomes

Everett, Craig R.; Fairchild, Richard J. - In: Journal of entrepreneurial finance : JEF ; official … 17 (2015) 1, pp. 1-26

We present a theory of entrepreneurial behavior that explores the relationship between overconfidence and successful firm outcomes, such as acquisition or IPO. In our model, increasing overconfidence produces two conflicting effects on the probability of a successful outcome: it not only induces...

Persistent link: https://www.econbiz.de/10011992244

Financial Tool for SME Competitivity Increase

Mihaela, Mateescu; Gabriela, Suba; Alina, Glod - In: Ovidius University Annals, Economic Sciences Series XI (2011) 1, pp. 1244-1248

Financing through a bank loan, commercial or other type of financing can be quite costly for a micro-enterprise or an SME, therefore accessing funding through the Community initiative JEREMIE can prove its usefulness. Thus, in this article we will present modus operandi of the program JEREMIE...

Persistent link: https://www.econbiz.de/10010925861

Entrepreneurship and the Theory of Taxation

Henrekson, Magnus; Sanandaji, Tino - Institutet för Näringslivsforskning (IFN) - 2008

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well …. When unique attributes of entrepreneurship are taken into account, some major conclusions of capital taxation models no …

Persistent link: https://www.econbiz.de/10005082489

A Robust Valuation Model for Entrepreneurial Ventures

Kedar-Levy, Haim - 2022

Pro forma estimation of financial statements often builds on constant ratios to sales revenue. While constant ratios may be relevant for established firms operating in predictable industries, they yield non-informative and possibly misleading information when applied to new firms, and...

Persistent link: https://www.econbiz.de/10013295769

Share Pledging in China : Funding Listed Firms or Funding Entrepreneurship?

He, Zhiguo; Liu, Bibo; Zhu, Feifei - 2022

This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the common wisdom that share pledging funds circle back to the listed firms. Share pledging funds are at the discretion of the shareholders who pledge their publicly traded shares, and...

Persistent link: https://www.econbiz.de/10013308433

Entrepreneur Heterogeneity and New Venture Financing

Berkovitch, Elazar - 2015

We explain the coexistence of different financiers like Venture Capital (VC) and Angel investors and study the role of policymakers in promoting innovation. VC investors are better informed. However, Angel investors offer entrepreneurs a better avenue to capture entrepreneurs' motivational...

Persistent link: https://www.econbiz.de/10013029584

American Entrepreneur in China : Potholes and Roadblocks on the Silk Road to Prosperity

Trautman, Lawrence J. - 2012

In many ways, China is the new frontier for entrepreneurship; perceived to be: a logical primary source of economical …

Persistent link: https://www.econbiz.de/10013111625

Financial Signaling by Innovative Nascent Entrepreneurs

Audretsch, David B.; Mahagaonkar, Prashanth; Bönte, Werner - Universitätsbibliothek Wuppertal, University Library - 2009

External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project's feasibility. Our...

Persistent link: https://www.econbiz.de/10004964265

Nascent Entrepreneurs, Innovation and Financing Constraints

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - DRUID, Copenhagen Business School, Department of … - 2007

Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new data on capital seeking start-ups allowing distinction between planning stage and early stage. Being innovative does not affect the probability of having external finance in the...

Persistent link: https://www.econbiz.de/10005839210