- Consulting Editors
- Finance of New industries
- The Returns to Entrepreneurship
- Risk Attitudes and Private Business Equity
- New Firm Financing and Performance
- New Perspectives On Entrepreneurial Capital Structure
- The Capital Structure of Family Firms
- Influence of Internal Factors on the Use of Equity-and Mezzanine-Based Financing in Family Firms
- Planning For Entrepreneurial Finance And Capital: A Critical Review Of The Importance Of Teaching Business Planning
- Funding Gaps
- Availability of Credit to Small Firms Young and Old: Evidence from the Surveys of Small Business Finances
- Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance
- Alternative Types Of Entrepreneurial Finance
- Angel Investors and Their Investments
- Firm Growth, Schumpeterian Entrepreneurship, and Venture Capital
- Why Do Firms Go Public?
- Valuation Of IPOs
- Trade Credit and Its Role in Entrepreneurial Finance
- Factoring and Invoice Financing
- Project Finance
- Hedge Fund Asset-Based Lending
- Business Taxation, Corporate Finance, and Economic Performance
- Financial Capital among Minority-Owned Businesses
- Financing Women-Owned Firms: A Review Of Recent Literature
- International Differences In Entrepreneurial Finance
- Entrepreneurial Finance in Weak Institutional Environments
- Microfinance for Entrepreneurs
- The Past and Future of Innovations in Microfinance
- Index of Names
Abstract and Keywords
This article first summarizes the main stylized empirical facts about firm growth. Then it relates these findings to received theories of firm growth, adding particular emphasis on Schumpeterian entrepreneurship. It then turns to the finance of growth, identifying the main causes of constraints and the type of firms most affected by them. It demonstrates how venture capital can mitigate financing constraints and surveys the empirical evidence about its impact on firm growth before summarizing the findings.
Michael Peneder is deputy director of the Austrian Institute of Economic Research (WIFO) and managing editor of the Journal of Industry, Competition, and Trade. He was visiting professor at Ritsumeikan University in Kyoto (2004, 2008) and visiting researcher/scholar at Harvard University (2009) and Stanford University (2003). He leads an international consortium that prepares the European Commission's annual European Competitiveness Reports. Regularly publishing in inernational academic journals, his research focuses on industrial economics, innovation, and corporate finance.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.