scholarly journals The determinants of debt financing: The case of fintech start-ups

2021 ◽  
Author(s):  
Elisa Giaretta ◽  
Giusy Chesini
Keyword(s):  
Debt Financing ◽  
Start Ups

scholarly journals Inconsistencies of small business fiscal stimulation in Ukraine

2019 ◽  
Vol 5 (3) ◽  
pp. 204-219
Author(s):  
N. B. Yaroshevych ◽  
◽  
S. V. Cherkasova ◽  
T. V. Kalaitan ◽  
◽  
...  
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Banking System ◽  
Debt Financing ◽  
Financial Assistance ◽  
Accounts Payable ◽  
Initial Hypothesis ◽  
National Bank ◽  
Start Ups ◽  
The Given

The article discusses the effects of fiscal instruments used to stimulate the development of small business in Ukraine and the hypothesis that the inconsistencies inherent in these instruments prevent them from achieving the desired outcomes. To test this hypothesis, the authors estimated the percentage of small businesses covered by the simplified tax scheme and analyzed such fiscal instruments as the simplified tax scheme, various types of debt financing and taxation of debt financing. The authors used the data on the amount and dynamics of repayable financial assistance to estimate the scale of the phenomenon of corporate split-ups. The latter might be caused by the interest of large and medium-sized companies in accessing small business tax preferences. To calculate the amount of repayable financial assistance the authors propose to adjust the indicator of other current liabilities for the following indicators: other current accounts payable; interest incomes of resident banks; interest incomes of non-resident banks from their lending transactions in Ukraine; commission incomes of resident banks; and the total amount of corporate bonds. The analysis relies on the data of the State Statistics Service of Ukraine on activity of companies and the data of the National Bank of Ukraine on the country’s banking system in 2012–2017. The results of the analysis have confirmed the initial hypothesis about the contradictory effects of fiscal instruments: 1) In the given period, from 22% to 38% of small businesses did not have access to the benefits of the simplified tax system due to the inadequacy of the criteria for defining the size of business. 2) The taxation norms discriminated against small businesses seeking to use specific instruments of debt financing: instead of stimulating the development of start-ups, these fiscal instruments encouraged large and medium-sized companies to split into smaller units. 3) What distinguishes Ukraine from other countries is the wide use of repayable financial assistance by small businesses to attract funds. Calculations have shown that the share of repayable financial assistance among other available instruments of debt financing in the given period exceeded 28%. Thus, the findings indicate that further improvements of small business taxation are necessary.

How Start-up Businesses View and Use Accounting in Early Year Operations

2020 ◽  
Vol 22 ◽  
Author(s):  
Contessa Hutchins
Keyword(s):  
Capital Investment ◽  
Sample Selection ◽  
Financial Statements ◽  
Debt Financing ◽  
Technology Industry ◽  
Start Up ◽  
Early Operations ◽  
Start Ups ◽  
Question Survey

This research analyzes how start-up companies implement accounting in their early operations and if that use of accounting (or lack thereof) has played a role in acquiring funding. Prior research shows that the quality of financial statements positively affects investing efficiency for companies in emerging markets (Chen et al., 2011). In this paper, we evaluate the hypothesis that start-ups using financial statements more extensively receive more outside funding than their counterparts. This was tested with a 27-question survey broken into three sections: demographic, accounting use, and financial information. There were 44 participants. The typical start-up profile is 5-6 years old, employs ten people, and identifies in the technology industry. Approximately 75% of participants reported using financial statements. While mostly viewed positively, some participants feel strongly against using standard accounting practices. Results showed companies who use financial statements more often reported a higher percentage of debt and investment funding received than those who used financial statements less frequently or not at all. In conclusion, accounting helps start-ups communicate higher quality information to investors, thus leading to a better chance of receiving capital investment/debt financing. This sample selection was not chosen randomly and is not a statistical depiction of the entire population.

CONSERVATION AREA START-UPS: COMBINING THEORY AND PRACTICE

2010 ◽  
Vol 15 (01) ◽  
pp. 55-67
Author(s):  
NORMAN S. WRIGHT ◽  
JEFF CANEEN ◽  
NATHAN ALEXANDER ◽  
ANDREW GOMEZ
Keyword(s):  
Wildlife Conservation ◽  
Current Practice ◽  
Debt Financing ◽  
Theory And Practice ◽  
Conservation Areas ◽  
Conservation Area ◽  
Equity Funding ◽  
Start Up ◽  
Capital Funding ◽  
Start Ups

Business start-ups by indigenous people in wildlife conservation areas are prone to failure. Funding issues have been identified as a contributing cause of the disappointing results. A great deal has been written about capital structure both in the start-up literature and the corporate literature, but the applicability of this research to small, indigenous start-ups in and around conservation areas is lacking. Although current practice dictates a reliance on equity, we apply the relevant corporate and start-up research to the conservation area context in an attempt to better understand the capital funding question. The results argue that equity funding is appropriate in the early stages for control and liquidity reasons. However, it also shows that greater attention could be paid to some degree of early debt financing to create debt discipline and later debt funding for motivational and financial discipline purposes.

scholarly journals Owner-Managed UK Corporate Start-Ups: An Exploratory Study of Financing and Failure

2016 ◽  
Vol 6 (4) ◽  
Author(s):  
Michael J. Peel
Keyword(s):  
Exploratory Study ◽  
Debt Financing ◽  
Future Research ◽  
Small Companies ◽  
Modest Contribution ◽  
Owned Company ◽  
The Uk ◽  
Start Ups ◽  
Retained Earnings ◽  
Initial Financing

AbstractAfter highlighting the importance of small companies to the UK economy, new archival evidence is provided from an exploratory study which investigates the financing and failure of 21,147 UK single owner-managed (OM) corporate start-ups. Relative to comparable US survey evidence, UK OM corporate start-ups rely very heavily on debt financing from inception, with minimal equity being injected by owners and with retained earnings making only a modest contribution to initial financing. Financial gearing is found to be an important determinant of failure after controlling for company-specific and owner characteristics. Interestingly, the results indicate that foreign-owned company start-ups are less failure prone. Based on the empirical findings of the study and that of extant research, a number of suggested avenues for future research are discussed.

scholarly journals Factors Determining the Survival of New Companies

2020 ◽  
Vol 7 (54) ◽  
pp. 300-315
Author(s):  
Marlena Cegiełka
Keyword(s):  
Competitive Advantage ◽  
Intellectual Property Rights ◽  
Intellectual Capital ◽  
Logit Model ◽  
Debt Financing ◽  
Kauffman Firm Survey ◽  
Start Up ◽  
Start Ups ◽  
The Impact ◽  
Firm Survey

AbstractThis article discusses the determinants of the survival of new companies, with particular emphasis on their sources of financing. We have analysed the impact of experience in the same focal industry, of having a competitive advantage and intellectual property rights (patents and trademarks) and of debt financing on the probability of a start-up's survival, using a logit model based on the Kauffman Firm Survey (KFS) database data covering 4,928 American companies which operated from 2004 to 2011. Additionally, we can demonstrate that start-ups that use debt financing have a better chance of staying in business. Factors such as intellectual capital and competitive advantage are also positively correlated with the prospects for start-up survival.

Medica 2018: „Startrampe“ für viele Start-ups

2018 ◽  
Vol 23 (09) ◽  
pp. 25-25
Author(s):  
Lutz Retzlaff
Keyword(s):  
Start Ups

Die deutschen Medizintechnik-Hersteller profitieren von der Digitalisierung in der Medizin.

Serviços de telemedicina e telessaúde e sua sustentabilidade

2018 ◽  
Vol 5 (3) ◽  
pp. 239-261
Author(s):  
Rosângela Simões Gundim
Keyword(s):  
Start Ups

O aumento do acesso às tecnologias de informação e comunicação, o desenvolvimento da inteligência artificial, do aprendizado de máquina, da robótica, da biotecnologia, da internet das coisas, da internet dos serviços e uma variedade de inovações advindas do emergente ecossistema de start ups oportuniza a ampliação da oferta de serviços de telemedicina e telessaúde, em diferentes formas e especialidades. Neste cenário, há que se utilizar, da melhor forma possível, essa variedade de tecnologia para promover as melhores práticas, as mais seguras e as de melhor alcance à população alvo, por meio de serviços estruturados de teleassistência, telediagnóstico e teleducação, evitando-se encaminhamentos desnecessários, aumentando agilidade na entrega de resultados de exames, no agendamento e nas consultas com especialistas, diluindo-se a taxa de hospitalização, dentre outras. Toda essa tecnologia pode assumir valores expressivos do ponto de vista financeiro, o que pode impactar tanto positiva quanto negativamente. A expectativa de quem investe é também gerar economia de recursos com a utilização de tais ferramentas, a fim de alcançar sustentabilidade do serviço. Este artigo tem o objetivo de levantar e analisar a literatura produzida nos últimos cinco anos, sobre a sustentabilidade de serviços de telemedicina e telessaúde no contexto da assistência, assumindo a perspectiva do provedor de serviços.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

99. Characterization of Cold Weather Plumes from Jet Engine Start-UPS

2000 ◽  
Author(s):  
A. Armendariz ◽  
D. Leith ◽  
M. Boundy ◽  
R. Goodman ◽  
L. Smith
Keyword(s):  
Cold Weather ◽  
Jet Engine ◽  
Start Ups ◽  
Engine Start
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