Low-wealth entrepreneurs and access to external financing

Abstract

Purpose -The purpose of this paper is to explore the relationship between low-wealth business founders in the USA and external startup funding. Specifically, the authors test whether a founders' low personal net worth is correlated with a lower probability of acquiring funding from outside sources during the business creation process. Design/methodology/approach -The authors use a double-hurdle Cragg model to jointly estimate: first, the decision to acquire external financing; and second, the amount received. The sample is the USbased Panel Study of Entrepreneurial Dynamics II (PSED II). The PSED II tracks business founders attempting to start ventures from 2005 to 2012.

Materialism, social stratification, and ethics: evidence from SME owners in China

“…Nevertheless, little research attention has been hitherto given to social conditions attached to entrepreneurs and their ethical implications (De Clercq and Dakhli, 2009). It is surprising as many entrepreneurs are aspirant to upgrade their socioeconomic positions in societies (Frid et al, 2016), while their conventional ways to attain the aspiration are usually obstructed by inherent social conditions (Agnew, 1992). Frequently it is the frustration rather than inability to identify ethical issues, which leads SME owners into justifying their unethical behaviors (De Clercq and Dakhli, 2009).…”

Studi Literatur : Kajian Keuangan Sebagai Pengembangan Pembelajaran Kewirausahaan

“…Sebagaimana pada artikel-artikel lainnya dibahas pula mengenai sumber keuangan dari usahawan. Seperti dilakukan oleh (Frid, Wyman, Gartner, & Hechavarria, 2016) yang mengeksplorasi hubungan antara pendiri bisnis kekayaan rendah di AS dan pendanaan startup eksternal. Lalu (Fraser, Bhaumik, & Wright, 2015)memeriksa literatur yang ada untuk menyoroti apa yang kita lakukan (dan tidak) ketahui tentang keuangan kewirausahaan dan hubungannya dengan pertumbuhan dan penelitian mereka menunjukkan bahwa hanya sedikit yang diketahui tentang hubungan penting antara akses ke keuangan eksternal dan pertumbuhan karena keterbatasan dalam pendekatan saat ini untuk menguji kendala keuangan.…”

Untitled

“…Pojawia si problem asymetrii informacji. Przedsi biorcy maj bowiem przewag informacyjn , mog dok adniej mierzy poziom ryzyka przedsi wzi cia gospodarczego, swoje zaanga owanie, zamiar sp aty po yczki (Frid, Wyman, Gartner i Hechavarria, 2016).…”