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Financial Reporting and Entrepreneurial Finance : Evidence from Equity Crowdfunding

Donovan, John - 2020

I study the role of accounting and financial reporting in entrepreneurial finance by examining whether financial statement disclosure increases capital raised through equity crowdfunding. On average, I find a positive association between financial reporting and capital raised, suggesting that...

Persistent link: https://www.econbiz.de/10012847574

Smart Capital in German Start-Ups - An Empirical Analysis

Schaefer, Dorothea; Schilder, Dirk - 2016

It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of smartness is determined by the financial product...

Persistent link: https://www.econbiz.de/10014223675

Financing Innovation : Strategies of Established Versus Start-Up Ventures

Manimala, Mathew J.; Pearson, Alan W. - 2013

Technological innovation, although vital for sustenance of firms against fierce global competition, presents a paradox in micro-economic theory on the managerial decisions related to the financing of such innovation. In particular, budgeting decisions in R&D and innovation at the firm level do...

Persistent link: https://www.econbiz.de/10014043519

Formal sources of finance boost innovation : do immigrants benefit as much as natives?

Ashourizadeh, Shayegheh; Saeedikiya, Mehrzad; Aeeni, Zeynab - In: Entrepreneurial business and economics review : EBER 10 (2022) 2, pp. 41-59

Objective: The article investigates the relative benefit of formality/informality of finance sources for innovation and compares this benefit amongst immigrant and native entrepreneurs. The authors investigate whether formal finance (here, bank loan) benefit innovation more than informal sources...

Persistent link: https://www.econbiz.de/10013336389

Funding Black High-Growth Startups

Cook, Lisa D.; Marx, Matt; Yimfor, Emmanuel - National Bureau of Economic Research - 2022

name-processing algorithms with clerical review to identify race for over 100,000 startup founders "at risk" for venture …

Persistent link: https://www.econbiz.de/10013462730

The role of convertible securities in venture capital

Chang, Shih-chung; Wu, Ho-Mou - 2009

In this paper we study the role of convertible securities in the financing of start-up enterprises when the entrepreneurs are better informed than the venture capitalists (VCs). We demonstrate that for a well-designed contract the conversion ratio of the securities can be used as a signaling...

Persistent link: https://www.econbiz.de/10009298667

The Performance of Venture Capital Investments : Failure risk, Valuation Uncertainty & Venture Characteristics

Pandher, Gurupdesh S. - 2022

equity stake or a fixed debt position at a future date. We study convertible venture investments exposed to failure risk and …, funding size, initial value and VC productivity but declines with failure risk, venture horizon and entrepreneur …

Persistent link: https://www.econbiz.de/10013491665

Early Stage-Finanzierungen : Spannungsfeld zwischen Gründern, Investoren und staatlichen Rahmenbedingungen

Posner, Dirk - 1996

Persistent link: https://www.econbiz.de/10000601087

The determinants of debt and (private-) equity financing in young, innovative SMEs : evidence from Germany

Schäfer, Dorothea; Werwatz, Axel; Zimmermann, Volker - 2004 - This Draft: February 2004

Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of … the role of risk for the choice of the method of financing. Since risk is not directly observable we use different … indicators for financial and project risk. It turns out that our data generally confirms the hypothesis that the probability that …

Persistent link: https://www.econbiz.de/10011451770

The determinants of debt and (private-) equity financing in young innovative SMEs : evidence from Germany

Schäfer, Dorothea (contributor); Werwatz, Axel (contributor) - 2004

Persistent link: https://www.econbiz.de/10003349883