This article surveys research on the effects of digitalization on access to finance. We focus
the review on access through fintech. We review the growth of three main fintech …

A rapidly expanding body of entrepreneurship literature draws on signaling theory. Yet as
the field grows, common understanding of the theory's underlying constructs has become …

Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance,
with parallels to initial public offerings, venture capital, and presale crowdfunding. In a …

Entrepreneurial finance markets are in a dynamic state. New market niches and players
have developed and continue to emerge. The rules of the game and the methods for …

Sustainability orientation has a positive effect on startups' initial valuation and a negative
effect on their post-funding financial performance. All else equal, improving sustainability …

This paper posits that distinguishing security token offerings (STOs) from initial coin offerings
(ICOs) is important for the study of entrepreneurial finance. We first provide a working …

This paper examines the market for initial coin offerings (ICOs). ICOs are smart contracts
based on blockchain technology that are designed for entrepreneurs to raise external …

This paper provides the first evidence of a moral hazard in signaling in an entrepreneurial
finance context, by examining token offerings or Initial Coin Offerings (ICOs). Entrepreneurs' …

We examine the role of institutional investors in initial coin offerings (ICOs). Taking a
financial investor's perspective, we assess the determinants of post-ICO performance via …

Initial coin offerings (ICOs) are a rapidly growing phenomenon wherein entrepreneurial
ventures raise funds for the development of blockchain-based businesses. Although they …