On the role of entrepreneurial experience for start-up financing : An empirical Investigation for Germany

Entrepreneurs are often faced with problemsregarding start-up financing. But compared to noviceentrepreneurs, experienced entrepreneurs shouldhave both more knowledge and better contacts, whichshould potentially reduce the occurrence of problemsand affect finance composition. However, experience ofbusiness failure might result in additional effects. Thisanalysis therefore investigates the effects of experienceon several aspects of start-up financing...

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Year of publication:	2007-09-01
Authors:	Metzger, Georg
Institutions:	Zentrum für Europäische Wirtschaftsforschung <Mannheim>
Subject:	Entrepreneurship \| Erfahrung \| experiences

Table of Contents
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1. Motivation of the analysis
2. Derivation of hypotheses
3. Applied data
4. Testing the hypotheses
4.1 Definitions and indicators
4.2 Estimation results
5. Discussion of the findings
6. Policy implications

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