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usual with access to finance in the early stages. This conceptual paper seeks to explain these challenges through the … theoretical lenses of entrepreneurial finance and behavioural finance. While entrepreneurial finance theory contributes to a … partial understanding of green start-up finance, behavioural finance is able to solve a remaining explanatory deficit produced …
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Staged financing of venture capital-backed firms is valuable to both investors and entrepreneurs, but comes with a potential cost: hold-up. With asymmetric information and strong control rights, financial intermediaries may earn rents on their inside knowledge. We find that environments where...
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