We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

The purpose of this paper is to examine the essential characteristics of the financial statements of FinTech start-ups and to investigate which figures of balance sheets are suitable indicators of failure for this still rising group of start-ups. We conduct a quantitative analysis of 595 annual...

Taking account of prior entrepreneurial experience, this study explores how the perceived cause of business failure influences an entrepreneur's decision to start another business or to abandon entrepreneurship. Using Qualitative Comparative Analysis, we find that the attributional dimensions of...

This study investigates signal validity in equity-based crowdfunding by examining whether signals that increase crowd participation are associated with higher post-offering success. Post-offering success is measured as the probability of survival. We use a hand-collected data set of 88 campaigns...

This research examines how startup founders' academic knowledge, and knowledge gained through startup founding experience, signal investors and attract investments. We further examine, for both financed and non-financed startups, whether these signals are associated with the startup's...

Evidence shows that social network structures drive important economic outcomes. Building on social network theory, this study is the first to analyse the impact of team networks on venture success. Using information about team affiliations for a sample of token-financed startups, we model...

There is significant and growing interest in entrepreneurship. Notwithstanding this interest, sizable barriers limit our understanding of the phenomenon and, by implication, our understanding of who is most likely to succeed in it. One fundamental challenge we face is the confounded language we...

This study investigates the role of platform-mandated disclosure, firm and owner attributes and social networking activity on the success of crowdfunding campaigns. It is found that more stringent platform disclosure requirements and risk warnings are not associated with success of crowdfunding...

Social networks are now deemed a critical element of economic activity. In the study of social networks and new venture creation, immigrant entrepreneurs have received focused attention as exemplary cases illustrating the benefits of social networks. The seemingly tightly woven networks among...