Gavious, Ilanit; Schwartz, Dafna - In: The Journal of Entrepreneurial Finance (JEF) 13 (2009) 2, pp. 1-24
We examine whether and how investors' reliance on financial information is affected by the rate of sales growth of a start-up venture. We find that investors discern between firms by the extent to which their products are adopted by the market. For firms that failed to increase their sales since...
