In this paper we aim at shedding light on the possible role played by BAs in influencing the effects of bank debt on the performances of the funded ventures. We assume that BAs might significantly reduce the agency costs of bank debt and foster a positive effect of debt on venture performance by...

"This book synthesises current knowledge on entrepreneurial finance. It provides a comprehensive and up-to-date overview of the state-of-the-art in entrepreneurial finance, with a focus on its ecosystem and main players. It analyses different channels of funding for young and growing ventures,...

We explore the switching dynamic between entrepreneurs and their lead venture capital investors (VCs) with a specific attention to the typology of venture capital funds. In particular, we concentrate on the switching that occurs from a lead independent VC investor (IVC) to a governmental VC...