Digitization creates new financial channels that complement traditional intermediaries, but
may raise concerns over fraud, cybersecurity, or bubbles. Artificial intelligence and machine …

Entrepreneurship contributes substantially to the modernization and commercial
development of an economy. Access to financial resources is key to the successful operation …

Growing FinTech entrepreneurship is a recent global phenomenon. Drawing on the national
innovation systems framework, we examine how countries' venture capital (VC) and credit …

Finance studies on the impact of market timing (or “windows of opportunity”) have almost
exclusively focused on publicly traded firms and initial public offering firms. We provide first …

Fully revised and updated, this Advanced Introduction provides a comprehensive
understanding of entrepreneurial finance of new and growing ventures. With a unique …

While the academic literature on entrepreneurial finance has expanded exponentially, many
gaps in our knowledge remain. This is driven by digitalization impacting the development of …

This study explores how start-up firms raise funds at founding. Using a data set of firms
founded in the manufacturing, and information and communications technology sectors of …

In this article, we investigate the effect of local financial development on cash holdings of
Italian small and medium-sized enterprises (SMEs). Consistent with the hypothesis that local …

This paper is an empirical analysis–based on classic buyer–seller relationship theory–of the
spatial relationship between coworking spaces and start-ups in an entrepreneurial …

How does expansion in the high-tech sector influence the broader economy of a region? We
demonstrate that an infusion of venture capital in a region leads to:(i) declines in the number …