Korosteleva, J.;
Mickiewicz, T.;
(2010)
Start-up financing in the age of Globalisation.
(Economics Working Papers
96).
Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK.
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Abstract
We investigate the determinants of start-up financing in 54 countries, using the Global Entrepreneurship Monitor (GEM) surveys for years 2001-2006. We find that financial liberalisation 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 non-resident 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 own finance of the entrepreneur.
| Type: | Working / discussion paper |
|---|---|
| Title: | Start-up financing in the age of Globalisation |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.ssees.ucl.ac.uk/wp96sum.htm |
| Language: | English |
| Additional information: | This working paper is a revised version 'Start-up financing: a comparative perspective' of available at http://discovery.ucl.ac.uk/17443/ |
| Keywords: | Start-up finance, entrepreneurial traits, informal finance, financial freedom, capital flows, Global Entrepreneurship Monitor, GEM |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1382005 |
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Start-up financing: a comparative perspective. (deposited 15 Sep 2009 16:15)
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