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Financial signalling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

innovation as well as the projectś feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. -- Innovation …

Persistent link: https://www.econbiz.de/10003809914

The old-boy network and the quality of entrepreneurs

Bac, Mehmet; Inci, Eren - 2010

We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...

Persistent link: https://www.econbiz.de/10003974212

The valuation implications of sales growth in start-up ventures

Gavious, Ilanit; Schwartz, Dafna - In: Journal of entrepreneurial finance : JEF ; official … 13 (2008) 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...

Persistent link: https://www.econbiz.de/10009156663

The interdependence of R&D activity and debt financing of young firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2012

detected by merely estimating single-equation models for R&D intensity and debt financing. -- Innovation financing ; capital …

Persistent link: https://www.econbiz.de/10009510150

The interdependence of R&D activity and debt financing of young firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011

detected by merely estimating single-equation models for R&D intensity and debt financing. -- innovation financing ; capital …

Persistent link: https://www.econbiz.de/10009523478

Financing entrepreneurship and the old-boy network

Inci, Eren; Parker, Simon C. - 2012

We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...

Persistent link: https://www.econbiz.de/10009530313

If you don’t succeed, should you try again? : the role of entrepreneurial experience in venture survival

Gottschalk, Sandra; Greene, Francis J.; Höwer, Daniel; … - 2014

There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial...

Persistent link: https://www.econbiz.de/10010234047

Crowdfunding, cascades and informed investors

Parker, Simon C. - 2014

Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not necessarily".

Persistent link: https://www.econbiz.de/10010252710

Work experience from paid employment and the path to entrepreneurship : business takeover versus new venture start-up

Xi, Guoqian; Block, Jörn; Lasch, Frank C.; Robert, Frank; … - 2016

Our paper investigates how the type of work experience gained from prior paid employment influences the path to entrepreneurship. We distinguish between two distinct entrepreneurship entry modes: business takeover and new venture start-up. Using a large and rich French data set, we find that...

Persistent link: https://www.econbiz.de/10011476546

Promoting the financing of SMEs and start-ups in Korea

Jones, Randall Sidney; Kim, Myungkyoo - 2014

paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital …

Persistent link: https://www.econbiz.de/10010464940