Start-up financing:a comparative perspective

Korosteleva, Julia and Mickiewicz, Tomasz (2008). Start-up financing:a comparative perspective. Working Paper. University College London, London (UK).

Abstract

We investigate the determinants of start-up financing in 41 countries, using the Global Entrepreneurship Monitor surveys for 1998-20032. High quality of property rights increases both the total volume of finance and the use of external finance for the individual start-up. The size of the formal financial sector affects the start-up finance via enhancing the volume of self-finance. In addition, the use of external finance by start-ups correlates with the extent of financial restrictions in a country in a non-linear way. Supply of informal finance may to some extent substitute for the use of formal finance.

Divisions: Aston Business School > Economics finance & entrepreneurship
Aston Business School
Uncontrolled Keywords: start-up finance,entrepreneurial traits,informal finance,financial restrictions,property rights,Global Entrepreneurship Monitor
Full Text Link: http://discover ... 443/1/17443.pdf
Related URLs:
Published Date: 2008-12
Authors: Korosteleva, Julia
Mickiewicz, Tomasz ( 0000-0001-5261-5662)

Download

[img]

Version: Published Version

License: Creative Commons Attribution


Export / Share Citation


Statistics

Additional statistics for this record