paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic … theory provides an integrated framework,drawing on disparate strands of literature, to create a better understanding of the …

, we estimate a multinomial logit model whichconfirms several predictions of both the static trade-off theory and … thepecking-order theory as to the determinants of financing choices. Next, weuse ordered probit models to determine which …