New directions in entrepreneurial finance
File(s)JBF Entrepreneurial Finance SI Intro.docx (64.71 KB)
Accepted version
Author(s)
Cumming, Douglas
DeLoof, Marc
Manigart, Sophie
Wright, Douglas
Type
Journal Article
Abstract
Entrepreneurial finance is a distinctive aspect of corporate finance, notably with respect to informational asymmetries and investor involvement in portfolio companies. Entrepreneurial finance research has explored four levels of analysis: the entrepreneur or entrepreneurial firm, the organization providing finance to the entrepreneurs, the organizations providing funds to these organizations, and the region or country in which the entrepreneurial firms or investors are established. We discuss recent developments in forms of entrepreneurial finance. We summarize the contributions of the papers published in this issue on early stage entrepreneurial finance at different points in the life cycle, including work on trade credit, debt finance, micro-cap IPOs, venture capital, and angel finance. Also, we highlight avenues for future research focusing on funding gaps, accelerators, crowdfunding, secondary buyouts, and exits.
Date Issued
2019-03
Date Acceptance
2019-01-31
Citation
Journal of Banking and Finance, 2019, 100, pp.252-260
ISSN
1872-6372
Publisher
Elsevier
Start Page
252
End Page
260
Journal / Book Title
Journal of Banking and Finance
Volume
100
Copyright Statement
© 2019 Elsevier Ltd. All rights reserved. This manuscript is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence http://creativecommons.org/licenses/by-nc-nd/4.0/
Subjects
Social Sciences
Business, Finance
Economics
Business & Economics
Entrepreneurial finance
IPOs
Venture capital
Private equity
Business angels
Crowdfunding
Accelerators
PRIVATE EQUITY
CORPORATE GOVERNANCE
VENTURE CAPITALISTS
SECONDARY BUYOUTS
BOARD COMPOSITION
PERFORMANCE
INVESTMENT
INVESTORS
GROWTH
SYNDICATION
Finance
0102 Applied Mathematics
1502 Banking, Finance and Investment
1401 Economic Theory
Publication Status
Published
Date Publish Online
2019-03-08