Start-Up Financing in the Age of Globalization
Start-Up Financing in the Age of Globalization
复制标题
全球化时代的初创企业融资
DOI:
10.2753/ree1540-496x470302
复制
发表时间:
2011
影响因子:
4
通讯作者:
T. Mickiewicz
中科院分区:
文献类型:
--
作者:
J. Korosteleva;T. Mickiewicz
The authors investigate the determinants of start-up financing in fifty-four countries, using the Global Entrepreneurship Monitor (GEM) surveys for the years 2001-6. They find that financial liberalization increases the total financial size of the individual start-up entrepreneurial project both via the increased use of external and of own funds. In addition, the volume of start-up finance responds positively to international capital inflows, as represented by loans from nonresident banks and remittances, and negatively to the volume of offshore deposits. The positive impact of remittances on total volume of start-up financing is via financing by the entrepreneur.