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A Signaling Theory ...
A Signaling Theory Of Entrepreneurial Venture’s Valuation
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- Mohammadi, Ali (författare)
- KTH,Entreprenörskap och Innovation
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Shafizadeh khoolenjani, Mohammad Mehdi (författare)
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Johan, Sofia (författare)
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(creator_code:org_t)
- Academy of Management, 2014
- 2014
- Engelska.
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Ingår i: Academy of Management Annual Meeting Proceedings. - : Academy of Management. - 0065-0668 .- 2151-6561. ; 2014:1
- Relaterad länk:
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http://proceedings.a...
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visa fler...
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https://urn.kb.se/re...
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https://doi.org/10.5...
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Abstract
Ämnesord
Stäng
- This paper investigates how early termination of venture capital (VC) investment in entrepreneurial ventures affect the ability of these young ventures into acquiring further resources necessary for survival and growth. We propose that young entrepreneurial ventures face a higher cost of external financing if existing investors stop investing in the next rounds of financing. Future investors, faced with great unobservable qualities of young companies and the uncertainty surrounding their financial prospect, rely on observable characteristics to appraise a company; The continuation of investment by existing investors confers a positive signal about the quality of young ventures and that young ventures, as endorsed by further commitment of capital, are more likely to perform better than otherwise comparable ventures that lack such escalated commitment.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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