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Outside Enterpreneurial Capital

Datos Bibliográficos

ID9717239
AutoresAndy Cosh (University of Cambridge), Douglas J Cummings (0000-0003-4366-6112, York University), Douglas Cumming (York University), Alan Hughes (0009-0004-5724-9066, University of Cambridge)
Año2009
Volumen119
Número540
Páginas1494-1533
Fecha de publicación2009-10-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2009.02270.x
OpenAlexW2127567866
IdiomaEN
Citas recibidas29
Referencias citadas54

This article investigates factors that affect rejection rates in applications for outside finance among different types of investors (banks, venture capital funds, leasing firms, factoring firms, trade customers and suppliers, partners and working shareholders, private individuals and other sources), taking into account the non-randomness in a firm's decision to seek outside finance. The data support the traditional pecking order theory. Further, the data indicate that firms seeking capital are typically able to secure their requisite financing from at least one of the different available sources. However, external finance is often not available in the form that a firm would like. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009

Business · Capital (architecture · Capital structure · Corporate Finance · Corporate governance · Debt · Factoring · Order (exchange · Pecking order · Pecking order theory · Shareholder · Venture capital · Corporate Finance and Governance · Finance · Firm Innovation and Growth · Private Equity and Venture Capital

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Obras citantes distintas29
Citas por año2,07
Intervalo de citas2012 - 2026 (15)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 29
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