where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …

entrepreneurs are better informed than the venture capitalists (VCs). We demonstrate that for a well-designed contract the … variability of the return is sufficiently large, the entrepreneurs will find it desirable to rely on convertible securities with … with which the entrepreneurs are awarded equity shares without investment outlays. We compare the different financing …

where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …

Most studies on entrepreneurs' networks incorporate social capital and networks as independent variables that affect … entrepreneurs' actions and its outcomes. By contrast, this article examines social capital of the Chinese and Russian entrepreneurs … and venture capitalists as dependent variables, and it examines entrepreneurs' social capital from the perspectives of …

-value pairs between the funders and the entrepreneurs. Issues of identification and control are thus not based upon any formal … transformation of capital is highly moderated by cultural and symbolic capital. Crowdfunding seems an ideal match for entrepreneurs … seeking for ‘societal' value more than for economic gain. While the entrepreneurs act as catalysts, members of the crowd take …

Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …