Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - DRUID, Copenhagen Business School, Department of … - 2007
Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new … affect the probability of having external finance in the planning stage but has a positive effect in the early stage. Early …, coupled with prototypes have a higher probability for external finance which may be due to reduced uncertainties and learning …