Innovation finance ecosystems for entrepreneurial firms: A conceptual model and research propositions

Alvi, Farzad Haider; Ulrich, Klaus

doi:10.1016/j.jbusres.2022.113450

Cited by 8 publications

(3 citation statements)

References 50 publications

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“…These interactions are usually open to market observers, and might therefore lead to lower informational opacity, and as consequence to lower financing costs (Giudici and Rossi-Lamastra 2018). Similarly, the creation of innovation ecosystems at the regional and national levels has led to increased collaborations among innovative firms and other stakeholders such as capital providers (Rossi et al 2022;Haider Alvi and Ulrich 2023). Undoubtedly, this context offers new opportunities, but also creates new strategic and organisational challenges for firms, which are worthy of more research (Radziwon and Bogers 2019).…”

Section: Discussionmentioning

confidence: 99%

Innovation, asymmetric information and the capital structure of new firms

Taglialatela,

Mina

2023

Economics of Innovation and New Technology

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Start-ups are essential contributors to economic development, but they often face several barriers to growth, including access to finance. We study their capital structure in their early years of operation through the lens of Pecking Order Theory, exploring how the pursuit of innovation influences firms' reliance on different types of finance. Panel analyses of 8273 German start-ups show that innovation activities are relevant predict start-ups' revealed preferences for finance. Effects on the type and order of financing sources depend on the degree of information asymmetries specific to research and development activities, human capital endowments, and the market introduction of new products and processes. New firms focused on research and development activities and with better human capital are less likely to receive informationally complex finance such as debt and will rely relatively more on owner and equity finance. Mixed evidence is found, instead, on the role of new products or processes. Our results suggest that the traditional pecking order theory does not hold for new firms, implying that owner and external equity play a much more prominent role for such firms. Then, managers and entrepreneurs should consider specific sources of finance and financial instruments in light of their innovative activities.

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Section: Discussionmentioning

confidence: 99%

Innovation, asymmetric information and the capital structure of new firms

Taglialatela,

Mina

2023

Economics of Innovation and New Technology

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“…Sustainable development and social consciousness have led to an increased focus on human resource departments, along with the economic, regulatory, and other components of greener manufacturing. Although human resources are increasingly viewed as "the soul of the company," particularly in the context of the environment, finance is still commonly acknowledged as the lifeblood of business [41]. A business can be rebuilt from the rubble with an identical replica of its previous structure and still function successfully.…”

Section: Green Human Resource Managementmentioning

confidence: 99%

Innovative Technological Solutions for Environmental Sustainability in Chinese Engineering Practices

Din,

Yang,

Khan

et al. 2024

Eng. Technol. Appl. Sci. Res.

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The Chinese government announced the clear goal of attaining carbon neutrality by 2060, in order to gradually achieve net-zero carbon dioxide (CO2) emissions, whose impact on global warming needs to be reduced while also a sustainable industry needs to be promoted. Recognizing the critical role of Green Human Resource Management (GHRM) in supporting green innovation and achieving the carbon neutrality agenda, this study aims to fill a research gap by emphasizing this overlooked nexus. The former examines the influence of GHRM, green innovation, and carbon neutrality on environmental performance by carefully analyzing the current literature on China's achievement of carbon neutrality and its implications for environmentally friendly performances. The current study assesses the planning frameworks of the country, explores the concept of achieving carbon neutrality, and evaluates the practical implications.

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“…Research suggests that entrepreneurs contribute to eliminating trade and cultural barriers, reducing travel times, and facilitating job creation (Dong, Xu, & Cha, 2021;Obschonka et al, 2023). Therefore, creating an environment that fosters an entrepreneurial culture is essential since entrepreneurship is regarded as a driver of competitiveness, innovation, and growth (Haider Alvi & Ulrich, 2023;Williams, Tesfaye Hailemariam, & Allard, 2022). As a result, governments increasingly emphasise entrepreneurship as a strategy to aid economic development, generate income, and create employment opportunities, given the need for economies and societies to become more entrepreneurial.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Work Experience on Entrepreneurial Intention among Vocational Education Students

Fiandra,

Yulastri,

Genefri

et al. 2023

JTET

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One entrepreneurship-related subject that has produced a lot of research is the investigation of entrepreneurial intention (EI). This study aims to investigate the impact of students' work experience across the four categories (SN, ES, ATE, and EE). The methodology employed in this study is quantitative, using a structural equation modelling (SEM) approach. The participants were assigned to multidisciplinary workgroups comprising six to eight individuals with backgrounds in management and engineering. There were five-course iterations between the 2021–2022 academic years. There were 250 students registered for this course. This research supports the belief that instruction in entrepreneurship can improve one's abilities in this area, even if it does not necessarily result in immediate action. This study highlights the importance of entrepreneurial education in increasing entrepreneurial intention among students. Additionally, students' belief in their abilities to become entrepreneurs, based on factors such as technical skills, social skills, and risk-taking abilities, is not affected by prior work experience. The study recognises that students' career experience is essential in understanding the significance of entrepreneurial education in fostering entrepreneurial intention.

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Innovation finance ecosystems for entrepreneurial firms: A conceptual model and research propositions

Cited by 8 publications

References 50 publications

Innovation, asymmetric information and the capital structure of new firms

Innovation, asymmetric information and the capital structure of new firms

Innovative Technological Solutions for Environmental Sustainability in Chinese Engineering Practices

The Impact of Work Experience on Entrepreneurial Intention among Vocational Education Students

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