New Firm Financing and Performance

Sheryl Winston Smith

in The Oxford Handbook of Entrepreneurial Finance

Published in print March 2012 | ISBN: 9780195391244
Published online September 2012 | | DOI:

Series: Oxford Handbooks

New Firm Financing and Performance

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This article first discusses the literature on entrepreneurial finance from the perspective of initial financing of new ventures, addressing distinct features of different types of financing. It specifically considers the implications of debt and equity financing and the theoretical and empirical work that pertain to this. This is followed by consideration of the relationship between risk and uncertainty and the financing of new ventures. Finally, the literature on capital structure as it applies to entrepreneurial firms is discussed. The next section presents data from the Kauffman Firm Survey micro data set on the financing of new firms in their first four years of existence.

Keywords: entrepreneurial finance; initial financing; new ventures; equity financing; capital structure; entrepreneurial firms

Article.  6550 words. 

Subjects: Economics ; Financial Markets ; Financial Institutions and Services

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