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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• Start-up financing: a comparative perspective. (deposited 15 Sep 2009 16:15) [Currently Displayed]
  • Start-up financing in the age of Globalisation. (deposited 08 Jan 2013 11:19)

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