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Financing of Entrepreneurial Firms in Canada : Some Patterns

Miglo, Anton - 2019

Canada. Based on Miglo (2018), we compare the predictions of major theories of entrepreneurial finance (flexibility theory of … capital structure, asymmetric information, credit rationing, life cycle theory and market timing) with empirical evidence. We … find, for example, that flexibility theory and credit rationing theory are consistent with many patterns of financing of …

Persistent link: https://www.econbiz.de/10012897102

Start-Up Finance : The Roar of the Crowdfunding

Trautman, Lawrence J. - 2017

Both equity and non-equity crowdfunding has proven to be a productive method of capital formation for start-ups. The equity crowdfunding provisions of The Jumpstart Our Business Startups Act (the “JOBS” Act) offer perhaps the most promising development to facilitate capital formation by...

Persistent link: https://www.econbiz.de/10012945978

The Dynamics of Capital Structure in U.S. Start-Up Businesses

Cotei, Carmen - 2017

growth cycle theory developed by Berger and Udell (1998) using the Kauffman Firm Survey data, the largest longitudinal data … with the predictions of financial growth cycle theory, at the startup stage, entrepreneurs rely on initial insider capital …

Persistent link: https://www.econbiz.de/10012969234

Debt Financing, Survival, and Growth of Start-Up Firms

Cole, Rebel A. - 2017

We analyze the relation between different forms of debt financing at the firm's start-up and subsequent firm outcomes. We distinguish between business debt, obtained in the name of the firm, and personal debt, obtained in the name of the firm's owner and used to finance the start-up firm....

Persistent link: https://www.econbiz.de/10012972659

How Does Personal Bankruptcy Law Affect Start-Ups?

Cerqueiro, Geraldo - 2017

We exploit state-level changes in the amount of personal wealth individuals can protect under Chapter 7 to analyze the effect of debtor protection on the financing structure and performance of a representative panel of U.S start-ups. The effect of increasing debtor protection depends on the...

Persistent link: https://www.econbiz.de/10012975744

Funding Entrepreneurial Firms and Small Businesses and the Financing of Modernism – Empirical Findings

Ebebhoahon, Matthew - 2015

Nigeria is a viable country for business and good investment to make more income irrespective of the lingering economic crisis, the country is currently going through. Nigerian economy in the 21st Century is faced with diverse and massive challenges. This is giving Nigeria's economy huge...

Persistent link: https://www.econbiz.de/10013014198

Disentangling Crowdfunding from Fraudfunding

Cumming, Douglas J. - 2020

Using Kickstarter, the largest global reward-based crowdfunding platform, we conduct an exhaustive search of all fraud cases from 2010 through 2015 for nine different countries. While fraud in this new market has been of concern to regulators, it is arguably of greater importance to the nascent...

Persistent link: https://www.econbiz.de/10012855212

Capital Structure Decision of New Technology-Based Firms : Evidence from Youth Entrepreneurship

Cassia, Lucio - 2014

The paper investigates the existence of a pecking order in new technology-based firms (NTBFs) financing, and provides an evidence on factors determining what source of capital NTBFs try to access. The authors pay particular attention to aspects of human capital such as age, education and...

Persistent link: https://www.econbiz.de/10013059344

Is Venture Capital the Source of Financing for Micro-Enterprises?

Prohorovs, Anatolijs - 2015

The current article examines the issue of financing the micro-enterprises of Latvia by venture capital funds. It considers the number of applications submitted by enterprises to venture capital funds, the number of investments and the amount of the financing granted to enterprises in general and...

Persistent link: https://www.econbiz.de/10013026364

Financing of Entrepreneurial Firms in Canada : An Overview

Miglo, Anton - 2016

Flexibility theory of capital structure, asymmetric information, credit rationing, life cycle theory and market timing … theory of capital structure does not seem to play a significant role for SMEs as opposite to large companies while it may …

Persistent link: https://www.econbiz.de/10012989374