Entrepreneurial financing in new business ventures: a help-seeking behavior perspective

doi:10.1007/s11365-014-0332-5

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	Entrepreneurial financing in new business ventures: a help-seeking behavior perspective
	Au, Kevin 1,2; Chiang, Flora F. T.3; Birtch, Thomas A.4; Kwan, Ho Kwong 5
刊名	INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL
	2016-03
卷号	12 期号:1 页码:199-213
关键词	Entrepreneurial financing Help-seeking behavior Informal investment Relational proximity Venture risk Entrepreneurship education
ISSN号	1554-7191
DOI	10.1007/s11365-014-0332-5
英文摘要	How and from whom prospective entrepreneurs seek their start-up capital for new venture formation represent fundamental questions in entrepreneurial financing. Drawing on research of help-seeking behavior, we propose that apart from economic rationale entrepreneurs' decisions to seek financing may be influenced by socio-psychological factors. Using a scenario experiment (venture risk x relational proximity) to investigate how prospective entrepreneurs considered funding from family and outsiders, it was found that they tended to seek family financing when the family was close and the risk was high, and inclined to seek outsider funding when the venture risk was high and the family was not close. The findings might seem paradoxical but they actually underscore the influence of socio-psychological factors in entrepreneurial financing decisions and offer novel contributions to the entrepreneurship, informal investment, and education literatures.
WOS研究方向	Business & Economics
语种	英语
出版者	SPRINGER
WOS记录号	WOS:000369327400010
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1340]
专题	上海财经大学
通讯作者	Au, Kevin
作者单位	1.Chinese Univ Hong Kong, Ctr Entrepreneurship, Shatin, Hong Kong, Peoples R China; 2.Chinese Univ Hong Kong, Dept Management, Shatin, Hong Kong, Peoples R China; 3.Hong Kong Baptist Univ, Dept Management, Kowloon, Hong Kong, Peoples R China; 4.Univ Cambridge, Ctr Ind & Govt, Cambridge, England; 5.Shanghai Univ Finance & Econ, Sch Int Business Adm, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Au, Kevin,Chiang, Flora F. T.,Birtch, Thomas A.,et al. Entrepreneurial financing in new business ventures: a help-seeking behavior perspective[J]. INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL,2016,12(1):199-213.
APA	Au, Kevin,Chiang, Flora F. T.,Birtch, Thomas A.,&Kwan, Ho Kwong.(2016).Entrepreneurial financing in new business ventures: a help-seeking behavior perspective.INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL,12(1),199-213.
MLA	Au, Kevin,et al."Entrepreneurial financing in new business ventures: a help-seeking behavior perspective".INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL 12.1(2016):199-213.