Advances in Entrepreneurial Finance

Advances in Entrepreneurial Finance

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Advances in Entrepreneurial Finance brings together contributions from researchers from the fields of entrepreneurship, behavioral finance, psychology, and neuroscience to shed new light on the dynamics of decision making and risk taking by entrepreneurs and venture capitalists (VCs). Every new venture requires access to capital at competitive interest rates, and much has been written on general entrepreneurship by management scholars and financial contracting by financial economists using traditional finance theory with all its highly restrictive assumptions regarding decision makersa€™ cognitive capabilities and behavior. But recent developments in behavioral finance can now be applied to understand how entrepreneurs and VCs perceive risk and uncertainty and how they decide and act accordingly. Showcasing the latest research, this volume demonstrates that findings from the behavioral and neuroscience arenas can and do explain decision making by entrepreneurs and venture investors in the real world. Consequently, such findings have practical implications not only for entrepreneurs, venture capitalists, and their advisors, but also all government agencies and NGOs that want to support product and technological innovation, capital formation, job creation, and economic development.The growth in personal credit card lines is clearly an enabler for nascent firms based on the PSED data. ... Banks still remain a primary source of outside capital for new firms despite the dramatic industry consolidation during the past 25 years .

Title:Advances in Entrepreneurial Finance
Author:Rassoul Yazdipour
Publisher:Springer Science & Business Media - 2010-12-17


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