The Oxford Handbook of Entrepreneurial Finance
The Oxford Handbook of Entrepreneurial Finance
Douglas Cumming is the DeSantis Distinguished Professor of Professor of Finance and Entrepreneurship at the College of Business, Florida Atlantic University.
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Abstract
The topic of entrepreneurial finance involves many issues, including but not limited to the risks and returns to being an entrepreneur, financial contracting, business planning, capital gaps and the availability of capital, market booms and busts, public policy and international differences in entrepreneurial finance stemming from differences in laws, institutions and cultures. As these issues are so extremely broad and complex, the academic and practitioner literature on the topic usually focuses on at most one or two of these issues at a time. This book provides a comprehensive picture of issues dealing with different sources of entrepreneurial finance, and of different issues with financing entrepreneurs. It comprises contributions from forty-eight authors based in twelve different countries. The book is organized into seven parts, the first of which introduces the issues, explains its organization, and briefly summarizes the contributions made by the authors in each of the articles. Part II covers the topics pertaining to financing new industries and the returns and risk to being an entrepreneur. Part III deals with entrepreneurial capital structure. Part IV discusses business planning, funding and funding gaps in entrepreneurial finance with a focus on credit markets. Part V provides analyses of the main alternative sources of entrepreneurial finance. Part VI considers issues in public policy towards entrepreneurial finance. Part VII considers international differences in entrepreneurial finance, including analyses of entrepreneurial finance in weak institutional environments as well as microfinance.
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Front Matter
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Introduction
Douglas Cumming
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Part I Financing New Industries and the Returns and Risk to Entrepreneurship
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Part II Entrepreneurial Capital Structure
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Part III Funding: Planning, Credit Markets, And Gaps
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8
Planning For Entrepreneurial Finance And Capital: A Critical Review Of The Importance Of Teaching Business Planning
Benson Honig
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9
Funding Gaps
Robert Cressy
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10
Availability of Credit to Small Firms Young and Old: Evidence from the Surveys of Small Business Finances
Rebel Cole
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11
Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance
Liang Han andSong Zhang
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8
Planning For Entrepreneurial Finance And Capital: A Critical Review Of The Importance Of Teaching Business Planning
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Part IV Alternative Types of Entrepreneurial Finance
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12
Alternative Types Of Entrepreneurial Finance
Armin Schwienbacher andBenjamin Larralde
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13
Angel Investors and Their Investments
Ramon P. DeGennaro
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14
Firm Growth, Schumpeterian Entrepreneurship, and Venture Capital
Michael Peneder
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15
Why Do Firms Go Public?
James C. Brau
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16
Valuation Of IPOs
Rajesh Aggarwal and others
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17
Trade Credit and Its Role in Entrepreneurial Finance
Vicente Cuñat andEmilia García-Appendini
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18
Factoring and Invoice Financing
Khaled Soufani
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19
Project Finance
Stefano Gatti and others
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20
Hedge Fund Asset-Based Lending
Houman B. Shadab
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12
Alternative Types Of Entrepreneurial Finance
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Part V Public Policy
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Part VI International Comparisons and Microfinance
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24
International Differences In Entrepreneurial Finance
Larry Chavis and others
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25
Entrepreneurial Finance in Weak Institutional Environments
David Lingelbach
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26
Microfinance for Entrepreneurs
Miriam Bruhn and others
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27
The Past and Future of Innovations in Microfinance
Roy Mersland andR. Øystein Strøm
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24
International Differences In Entrepreneurial Finance
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End Matter
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