Korosteleva, J.;
Mickiewicz, T.;
(2008)
Start-up financing: a comparative perspective.
(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 41 countries, using the Global Entrepreneurship Monitor surveys for 1998-2003 . High quality of property rights increases both the total volume of finance and the use of external finance for the individual start-up. The size of the formal financial sector affects the start-up finance via enhancing the volume of self-finance. In addition, the use of external finance by start-ups correlates with the extent of financial restrictions in a country in a non-linear way. Supply of informal finance may to some extent substitute for the use of formal finance.
| Type: | Working / discussion paper |
|---|---|
| Title: | Start-up financing: a comparative perspective |
| 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: | A revised version of this working paper entitled ' Start-up financing in the age of Globalisation' can be found at http://discovery.ucl.ac.uk/1382005/ |
| Keywords: | Start-up finance, entrepreneurial traits, informal finance, financial restrictions, property rights, Global Entrepreneurship Monitor |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES |
| URI: | https://discovery.ucl.ac.uk/id/eprint/17443 |
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