Prior research has focused on the factors that affect funding success on equity crowdfunding
platforms, but a detailed understanding of the factors that drive firms to search for equity …

This paper investigates the effect of anti-corruption on the financing of and investing in
innovation by using a detailed data set of Chinese listed companies from 2009 to 2015. We …

Family firms are one of the most ubiquitous forms of business organizations worldwide. Their
survival and growth are thus not only crucial for the firms themselves but also for the overall …

Many countries spend sizeable sums of public money on R&D grants to alleviate debt and
equity gaps for small firms' innovation projects. In making such awards, knowledgeable …

Using a novel information asymmetry index based on measures of adverse selection
developed by the market microstructure literature, we test whether information asymmetry is …

The main objective of this paper is to investigate which of the two competing capital structure
theories–the pecking order of financing choices or the traditional static trade-off model …

Using a unique and rich database of high-technology firms in China, we show that effective
enforcement of intellectual property rights at the provincial level is critical in encouraging …

This paper examines incremental financing decisions within high-growth businesses. A
large longitudinal dataset, free of survivorship bias, to cover financing events of high-growth …

This study tests the validity of the pecking order theory at different investment levels for
manufacturing firms listed on the Borsa Istanbul. The study covers the period from 2000 to …

In this paper, we argue that obtaining government R&D subsidies has a certification effect
and is used by innovative entrepreneurial firms as a legitimation strategy to access bank …