1,721,402 research outputs found
Entrepreneurship, technology and change: a review and proposal for an interpretative frame work
No full textVenture Creation in Enterprising Families: the role of Parental Entrepreneurial Exposure
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The interplay of age and culture on entrepreneurial feasibility and desirability: no country for old men?
No full textThe Determinants of Debt and Equity Financing in the process of birth of high-tech start-ups
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External capital for NTBFs: the role of bank and venture capital
No full textThe objective of our research is to determine what factors at the firm level influence access to external capital for new technology-based firms (NTBFs) and what influences the rank ordering of applying to different sources. Furthermore we investigate whether NTBFs differs from other SMEs. Through an empirical analysis of determinants on UK NTBFs financing, we confirm the existence of a hierarchy between internal and external finance and verify the classic pecking order theory (POT) (preference for banks over venture capital (VC) financing). NTBFs appear more capital demanding than other SMEs. They make significant approaches to banks and are only slightly more credit rationed than other SMEs. The data also confirm that VCs are approached significantly more by NTBFs. Nevertheless, the detailed analysis of the determinants of NTBFs' fund raising process (demand side) reveals that they do not differ from other SMEs. Our paper terminates with the development of an expert system (Bayesian network) shaped on the empirical evidences collected, which acts as a decision support system for high-tech entrepreneurs engaging in fundraising
The family’s financial support as a “Poisoned Gift”: a family embeddedness perspective on entrepreneurial intentions
No full textWe argue that greater availability of financial support by the family for creating a new venture entails stronger financial and non-financial obligations. Cognizant of these obligations, potential founders anticipate negative performance implications for the planned firm and threats to the family system in the case of their non-fulfillment. We thus postulate that the formation of actual entrepreneurial intentions is less likely the greater the available financial support. We confirm this by studying a sample of 23,304 respondents from 19 countries and find the negative relationship to be dependent on family cohesion and on individual entrepreneurial self-efficacy
Access to capital for techno start ups: designing a model for the analysis of determinants with a fuzzy approach
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