Evolution of Entrepreneurial Judgment With Venture-Specific Experience
نویسندگان
چکیده
منابع مشابه
Financing the Entrepreneurial Venture
This paper is about nancial contracting choices for the entrepreneur. In an incomplete contracts model, the entrepreneur can design contracts contingent on three possible control right allocations: entrepreneur-control, investor-control, and joint control, with each allocation inducing di¤erent e¤ort levels by both the entrepreneur and the investor. Four types of contract emerge as potentially...
متن کاملEntrepreneurial finance: Banks versus venture capital
We analyze how entrepreneurial firms choose between two funding institution: banks, which monitor less intensively and face liquidity demands from their own investors, and venture capitalists, who can monitor more intensively but face a higher cost of capital because of the liquidity constraints that they impose on their own investors. Because the firm’s manager prefers continuing the firm over...
متن کاملDisclosure, Venture Capital and Entrepreneurial Spawning
Venture capital funds have been facing increasing regulatory scrutiny since the 2007 financial crisis, particularly in respect of calls for increased disclosure requirements. In this paper, we examine whether more stringent securities regulation helps or hinders the supply and performance of venture capital as well as new business creation (i.e., entrepreneurial spawning). Based on data from 34...
متن کاملThe evolution of entrepreneurial competencies: A longitudinal study of university spin-off venture emergence
This paper aims to better understand the development of entrepreneurial competencies to create new ventures within the non-commercial academic environment. We build upon the evolutionary perspective considering where resources come from to help define these competencies and explain their paths of development. The study follows the creation and early growth of four university spin-offs within th...
متن کاملEntrepreneurial Learning and the Role of Venture Capitalists
This paper develops a model of entrepreneurial learning in order to explain how VCs support the process of entrepreneurial learning and thereby add value to their ventures. We draw on two generic approaches to learning, termed the hypothesis-testing mode and the hermeneutic mode, which turn out to be closely interrelated in such learning processes. The resulting model comprises four categories,...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Strategic Entrepreneurship Journal
سال: 2016
ISSN: 1932-4391
DOI: 10.1002/sej.1222