ERPN: Entrepreneurs (Finance) (Topic)最新文献_第4页

Role of Venture Capital as a Source of Finance for Small and Medium Enterprises in Afghanistan 风险资本作为阿富汗中小企业融资来源的作用

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-11-07 DOI: 10.2139/ssrn.3280251

Aimal Mirza, Fahim Sabah

{"title":"Role of Venture Capital as a Source of Finance for Small and Medium Enterprises in Afghanistan","authors":"Aimal Mirza, Fahim Sabah","doi":"10.2139/ssrn.3280251","DOIUrl":"https://doi.org/10.2139/ssrn.3280251","url":null,"abstract":"Venture capital is an important source of finance for small businesses although it is least understood. The Venture Capital financing market in Afghanistan is inactive and mainly targets large companies instead of small to medium enterprises. The study sought to evaluate the role of venture capital as a source of finance for small to medium enterprises (SMEs) in Afghanistan. The objectives of the study were to review the types of venture capital financing in Afghanistan, identify the factors that drive the venture capital financing and impact of venture capital on small business development. The study adopted a quantitative methodology in order to investigate the subject. Questionnaires were administered on respondents. The respondents were from the Ministry of Commerce, ACCI, AISA, MISFA, and financial Institutions. An overall response rate of 89.66% was achieved. The study established that government was the main financer of venture capital financing in Afghanistan. Further, stable economic environment, investor protection and corporate governance and well developed capital markets were found to be main determinants of venture capital financing. The study also established that the role of venture capital financing played an important role in the areas of employment creation, investment, export growth as well as innovation and creativity. Overall venture capital financing is an alternative financing option for SMEs. However, the development of venture capital market is being constrained by the economic environment, lack of a vibrant capital market, no regulatory framework regards corporate governance and investor protection. The study recommends that development of entrepreneurship by having an active venture capital market, stable macroeconomic environment and regulatory framework that protect investors.","PeriodicalId":409712,"journal":{"name":"ERPN: Entrepreneurs (Finance) (Topic)","volume":"97 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120932932","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Financing Entrepreneurship and Innovation in China: A Public Policy Perspective 中国创业与创新融资:一个公共政策视角

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-08-20 DOI: 10.2139/ssrn.3249278

L. Cong, Charles M. C. Lee, Yuanyu Qu, Tao Shen

引用次数: 4

Size-Dependent Policies and Efficient Firm Creation 规模依赖政策与高效企业创建

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-06-27 DOI: 10.2139/ssrn.3207029

Sakai Ando

引用次数: 1

Crowdfunding: A Short Past and Long Future 众筹:短暂的过去和长远的未来

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-04-15 DOI: 10.2139/ssrn.3163006

Melina Moleskis, Inés Alegre

引用次数: 3

Stress Tests and Small Business Lending 压力测试和小企业贷款

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-03-01 DOI: 10.2139/ssrn.3129108

K. Cortes, Yuliya Demyanyk, Lei Li, Elena Loutskina, Philip E. Strahan

引用次数: 126

Law and Blockchain: A Legal Perspective on Current Regulatory Trends Worldwide 法律与区块链:当前全球监管趋势的法律视角

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2018-01-17 DOI: 10.2139/ssrn.3080639

Stéphane Blemus

{"title":"Law and Blockchain: A Legal Perspective on Current Regulatory Trends Worldwide","authors":"Stéphane Blemus","doi":"10.2139/ssrn.3080639","DOIUrl":"https://doi.org/10.2139/ssrn.3080639","url":null,"abstract":"This paper expounds the latest main regulatory projects and industry-wide consultations in the United States (US), in the European Union (EU) and in the main economic countries where distributed ledgers (thereafter, “Blockchain”) regulations have been discussed, proposed and/or adopted. \u0000In just a few years, the Blockchain has become a major topic for public decision-makers worldwide. As this disruptive and decentralized technology has emerged as a key business issue for start-ups and market participants, the central banks and financial regulators have changed, most notably in the US and in the EU, from an initial strong hostility to a more cautious and market-friendly position. \u0000The paper extensively covers and compares the current regulatory trends in selected relevant countries on the various applications enabled or issues raised by the Blockchain technology (Bitcoin/virtual currencies/crypto-tokens, smart contracts, decentralized autonomous organization (“DAO”), initial coin offerings/“ICO”…). \u0000Three main regulatory items should be distinguished and will be analyzed separately thereafter: \u0000(I) the virtual currencies regulation, \u0000(II) the ICO (and crypto tokens) regulation, and \u0000(III) the legal validity of Blockchain technology and smart contracts.","PeriodicalId":409712,"journal":{"name":"ERPN: Entrepreneurs (Finance) (Topic)","volume":"335 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122745082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 37

A Theory of Crowdfunding — A Mechanism Design Approach with Demand Uncertainty and Moral Hazard: Comment 众筹理论——考虑需求不确定性和道德风险的机制设计方法评论

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2017-12-28 DOI: 10.2139/ssrn.3094034

M. Ellman, Sjaak Hurkens

引用次数: 6

Fewer and Less Skilled? Human Capital, Competition, and Entrepreneurial Success in Manufacturing 技能越来越少?制造业中的人力资本、竞争和企业成功

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2017-12-26 DOI: 10.2139/ssrn.3093443

M. Ayyagari, Vojislav Maksimovic

引用次数: 9

The Cost of Financing Education: Can Student Debt Hinder Entrepreneurship? 教育融资成本:学生债务会阻碍创业吗?

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2017-11-01 DOI: 10.2139/ssrn.2586378

K. Krishnan, Pinshuo Wang

引用次数: 40

How I Learned to Stop Worrying and Love Crowdfunding: A Brief Overview of its Role in Entrepreneurship 我如何学会停止担忧，爱上众筹:它在创业中的作用概述

ERPN: Entrepreneurs (Finance) (Topic) Pub Date : 2017-08-31 DOI: 10.2139/ssrn.3041053

Rodolfo C. Rivas

{"title":"How I Learned to Stop Worrying and Love Crowdfunding: A Brief Overview of its Role in Entrepreneurship","authors":"Rodolfo C. Rivas","doi":"10.2139/ssrn.3041053","DOIUrl":"https://doi.org/10.2139/ssrn.3041053","url":null,"abstract":"The entrepreneurship path is not easy, it is a complicated one and full of obstacles. Fortunately, the advent of the Internet and the concurrent advances in technology have democratized a large number of activities that in the past remained available to a limited few; entrepreneurship is a fine example of one of the activities being democratized by technology. Within all those innovations, crowdfunding has emerged as a new form of funding and collaboration for entrepreneurs, through which entrepreneurs rely on the power of the crowds to support projects that would otherwise be very difficult to carry out alone or without the financial support offered by more conventional sources. Although crowdfunding is relatively new, it has proven to be a valuable tool for entrepreneurs in developing their projects. In this paper we will briefly explore the concept of crowdfunding and how it has evolved in its short history including some of its result so far. Furthermore, we will compare it with traditional financial models ie. VCs and see how crowdfunding fares. We will then turn to explore some of the challenges that have emerged in the nascent industry— some of which will hopefully be addressed by regulation changes in future iterations of crowdfunding models as it evolves. Notwithstanding these challenges, we firmly believe that crowdfunding has already opened up opportunities for entrepreneurs that were not previously available previously, and this is a very good thing.","PeriodicalId":409712,"journal":{"name":"ERPN: Entrepreneurs (Finance) (Topic)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128182376","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1