Commercial complexity and entrepreneurial finance

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Albert N. Link, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
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Abstract: This paper shows that the probability of small business firms obtaining outside financing to support their research and development projects is greater given more complex commercial opportunities – defined as a greater number of different potential applications for a project’s anticipated results – for their innovations. The effects on the probability of outside finance found for other factors are consistent with the earlier findings in the literature about innovative entrepreneurial firms.

Additional Information

Economics of Innovation and New Technology, 26:5, 489-500
Language: English
Date: 2017
portfolio analysis, financial capital, entrepreneurship, research and development (R&D), Small Business Innovation Research (SBIR) program

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