New knowledge-based enterprises have several characteristics that limit their options for obtaining financing from external sources: they have little or no collateral, their assets tend to be intangible, and the value of their innovations is hard to calculate. For these reasons, entrepreneurs in the more knowledge-intensive fields tend to rely largely on equity financing. This is a more “patien...

We review and extend recent contingent claims models of capital structure. We focus on two models with analytic formulas in perpetual horizonLeland (1994) and Mauer and Sarkar (2004). We implement the investment option in both models in finite horizon with a numerical lattice while maintaining the analytic structure for the capital structure decisions in the second stage by maintaining the perp...

BACKGROUND Results-based financing (RBF) is emerging as a new alternative to finance health systems in many African countries. In Mali, a pilot project was conducted to improve demand and supply of health services through financing performance in targeted services. No study has explored the sustainability process of such a project in Africa. This study's objectives were to understand the projec...

Crowdfunding is emerging as a booming financing channel for entrepreneurs to raise money for their projects. However, crowdfunding project implementation has been a major challenge which does not gain enough attention in the current literature. This paper developed a research model to investigate the antecedents of crowdfunding project success measured in three dimensions, i.e., award (product)...

The article deals with the issues of a comprehensive business assessment help consultants and investors for purpose obtaining investment. Companies often focus mainly on financial indicators when developing investment projects searching an investor. However, practice preparing to receive shows that in order make particular decision, it is necessary apply not only evaluation project, but also it...

This paper provides an overview of several of the conceptual issues related to the current assessment by the Australian Agency for International Development (AusAID) of recipient experience in the maintenance of project assets, with particular focus on problems of recurrent cost financing. These issues are primarily generic in character, and may be applicable in most, if not all, AusAID project...