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Entrepreneurship, Inherited Control and Firm Performance in Italian SMEs

Cucculelli, Marco; MICUCCI, Giacinto - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2006

Despite the pervasive presence of family business worldwide, especially among small and medium sized companies, nearly all past studies on family founder succession have focused on large, public companies. We evaluate the issue of the inherited firm control on performance in an economic setting...

Persistent link: https://www.econbiz.de/10004990627

Entrepreneurship in Equilibrium

Gromb, Denis; Scharfstein, David - C.E.P.R. Discussion Papers - 2002

This Paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is … (entrepreneurship). We also characterize conditions under which there can be too little or too much entrepreneurial activity in …

Persistent link: https://www.econbiz.de/10005789057

Qualitative Factors as Determinants of Continued Success:An Examination of eBusiness Entrepreneurial Firms Using the NewVenture Template

Black, Ervin L.; Burton, F. Greg; Johnson, Peter M. - In: Journal of Entrepreneurial Finance 13 (2009) 2, pp. 76-102

In this study, we analyze eBusiness entrepreneurs nominated by the Ernst & Young Entrepreneur of the Year Award program to ascertain whether qualitative factors are correlated with success. We find qualitative factors are incrementally informative above and beyond the information provided by...

Persistent link: https://www.econbiz.de/10010762490

Decision Making in Entrepreneurial Finance: A Behavioral Perspective

Yazdipour, Rassoul - In: Journal of Entrepreneurial Finance 13 (2009) 2, pp. 56-75

Central questions in entrepreneurship and entrepreneurial finance are briefly discussed and case is made for the need …

Persistent link: https://www.econbiz.de/10010762493

Risk Aversion, Entrepreneurial Risk, and Portfolio Selection

Fang, Hongyan; Nofsinger, John R. - In: Journal of Entrepreneurial Finance 13 (2009) 2, pp. 25-55

Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...

Persistent link: https://www.econbiz.de/10010762495

Micro-IPOs: An Analysis of the Small Corporate Offering Registration (SCOR) Procedure with National Data

Brau, James C.; Gee, Gardner - In: Journal of Entrepreneurial Finance 14 (2010) 3, pp. 69-89

In this study we examine every Small Corporate Offering Registration available from the United States. Using 339 micro-IPOs from 33 states, we find support for the relevance of (1)offering marketing mechanisms and expenses; (2)geographic characteristics; (3)offering characteristics; (4)ownership...

Persistent link: https://www.econbiz.de/10010762497

A Robust Valuation Model for Entrepreneurial Ventures

Kedar-Levy, Haim - In: Journal of Entrepreneurial Finance 16 (2013) 2, pp. 57-74

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 noninformative and possibly misleading information when applied to new firms, and...

Persistent link: https://www.econbiz.de/10010762507

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