The Sensitivity of High-Tech Entrepreneurial Ventures' Employment to a Sales Contraction in a Negative Growth Scenario: The Moderating Role of Venture Capital Financing

2013 ◽  
Vol 35 (2) ◽  
pp. 73-87 ◽  
Author(s):  
Massimo G. Colombo ◽  
Evila Piva ◽  
Cristina Rossi-Lamastra
Keyword(s):  
Venture Capital ◽  
High Tech ◽  
Entrepreneurial Ventures ◽  
Capital Financing ◽  
Moderating Role ◽  
Negative Growth ◽  
Growth Scenario

scholarly journals Initial coin offerings and the cryptocurrency hype - the moderating role of exogenous and endogenous signals

2021 ◽  
Author(s):  
Ferdinand Thies ◽  
Sören Wallbach ◽  
Michael Wessel ◽  
Markus Besler ◽  
Alexander Benlian
Keyword(s):  
Least Squares ◽  
Ordinary Least Squares ◽  
High Quality ◽  
Academic Interest ◽  
Entrepreneurial Ventures ◽  
Asset Class ◽  
The Impact ◽  
Moderating Role ◽  
Initial Coin Offerings

AbstractInitial coin offerings (ICOs) have recently emerged as a new financing instrument for entrepreneurial ventures, spurring economic and academic interest. Nevertheless, the impact of exogenous and endogenous signals on the performance of ICOs as well as the effects of the cryptocurrency hype and subsequent downfall of Bitcoin between 2016 and 2019 remain underexplored. We applied ordinary least squares (OLS) regressions based on a dataset containing 1597 ICOs that covers almost 2.5 years. The results show that exogenous and endogenous signals have a significant effect on the funds raised in ICOs. We also find that the Bitcoin price heavily drives the performance of ICOs. However, this hype effect is moderated, as high-quality ICOs are not pegged to these price developments. Revealing the interplay between hypes and signals in the ICO’s asset class should broaden the discussion of this emerging digital phenomenon.

scholarly journals Venture Capital Financing: An Opportunity for Small and Medium Scale Enterprises in Ghana

2014 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Francis Boadu ◽  
Gabriel Dwomoh ◽  
Sarpong Appiah ◽  
Elizabeth Dwomo-Fokuo
Keyword(s):  
Venture Capital ◽  
Job Creation ◽  
Skills Training ◽  
Venture Capitalist ◽  
Trust Fund ◽  
Business Growth ◽  
Medium Scale ◽  
Business Opportunities ◽  
Capital Financing

The paper aims to increase the understanding of venture capital industry in Ghana by examining the role of venture capital financing in aiding small and medium scale enterprises (SMEs) in Ghana. Using the conventional questionnaires administration and interviews, analysis of data collected from the Venture Capital Trust Fund (VCTF) and SMEs supported by venture capitalist (VCs) revealed that venture capital companies contributes in the area of fresh funds (23.8%), adding value by providing the beneficiaries with skills/training (33.3%), access to business opportunities (26.2%) and advisory services (16.7%). The findings also show that venture capital financing has a positive and statistically significant impact on job creation (33.3%), revenue for VC and SMEs (33.3%), business growth (16.7%) and expansion (16.7%) in a manner consistent with economic expectation.

scholarly journals Az innovatív kis- és középvállalkozások finanszírozása kockázati tőkével

2012 ◽  
Vol 7 (1-2) ◽  
pp. 24-29
Author(s):  
Judit Glavanits
Keyword(s):  
Venture Capital ◽  
Capital Market ◽  
Fund Raising ◽  
Market Size ◽  
Legal Rules ◽  
Venture Capital Fund ◽  
The Usa ◽  
Capital Financing ◽  
Closing The Gap

Closing the gap between the USA and EU venture capital market size is crutial for european innovative small and medium sized companies. As the financial crises started in 2008 weekend the possibilities for external capital, the role of venture capital financing is revaluated. The study analyses the similarities and differences in the legal rules of venture capital fund raising and financing revised by the USA's Dodd-Frank Act, and the European AIMF-directive. The study also suggest the changes in connection with the European Commission's prepared document on the European Venture Capital Fund, and it's effects on the innovative small-and medium sized companies. The conclusion is that the new rules of venture financing both in the USA and Europe sets up significantly more administrative difficulties for funds, but more stability and safe for entrepreneurs.

scholarly journals The role of crowdfunding in entrepreneurial ventures: an analysis of recent trends in Sweden

2016 ◽  
Vol 13 (1) ◽  
pp. 221-229 ◽  
Author(s):  
Lars Silver ◽  
Björn Berggren ◽  
Andreas Fili
Keyword(s):  
Interest Rate ◽  
Venture Capital ◽  
Policy Making ◽  
Entrepreneurial Ventures ◽  
Positive Effects ◽  
Recent Trends ◽  
New Form ◽  
Start Ups ◽  
Academic Debate

The financing of entrepreneurial ventures has been at the forefront of academic debate as well as policy-making discussion for almost a century. In general, there seems to be an agreement that the risks associated with business start-ups are higher than for mature firms, hence, these ventures will have to pay a higher interest rate than more mature and large firms. In this paper the authors analyze the role of a relatively new form of financing for entrepreneurial ventures – crowdfunding – and how this form of financing is similar and different from traditional sources of finance. The authors are also presenting different forms and models of crowdfunding available on the market together with illustrations from the crowdfunding industry in Sweden. The analysis indicates that the positive effects with crowdfunding are numerous but that the size of the crowdfunding sector is relatively small in comparison with the banking and venture capital industry

scholarly journals Examining affective and cognitive discourse at the time of IPO: Effects on underpricing and the moderating role of entrepreneurial orientation

2016 ◽  
Vol 19 (2) ◽  
pp. 13-25 ◽  
Author(s):  
William Wales ◽  
Fariss-Terry Mousa
Keyword(s):  
Initial Public Offering ◽  
Entrepreneurial Orientation ◽  
Time Span ◽  
High Tech ◽  
Negative Effects ◽  
Cognitive Rhetoric ◽  
Initial Support ◽  
Public Offering ◽  
Moderating Role

This study presents evidence concerning the effects of affective and cognitive rhetoric on the underpricing of firms at the time of their initial public offering. It is suggested that firms that use less affective, and more cognitively oriented discourse in their IPO prospectus will experience better underpricing outcomes. We examine these assertions using a sample of young high-tech IPO firms where investors rely on prospectuses as accurate and informative firm communications. Results from a robust five-year time span observe initial support for the hypothesized effects. Moreover, the signaling of a higher degree of entrepreneurial orientation in the firm prospectus is found to worsen the negative effects of affective discourse

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