Experiments in entrepreneurial finance

Simon Kleinert

Chapter 15 in Field Guide to Entrepreneurial Finance, 2026, pp 284-308 from Edward Elgar Publishing

Abstract: Entrepreneurial finance scholars can use a variety of methods—including case studies of new ventures, surveys of investors, and analyses of observational performance data—to investigate how startups secure and manage financial resources. This chapter discusses how experimental methods can enhance research in this domain. Specifically, it clarifies the promise of experimental methods to generate causal evidence and the critical design decisions researchers must navigate to address validity concerns. Drawing on a systematic literature review of experimental entrepreneurial finance studies, the chapter identifies emerging trends, such as the increased prevalence of multi-study designs, and illustrates how experiments can be used to address theoretically and managerially relevant questions. Based on an in-depth analysis of selected publications, it outlines best practices for designing and conducting experiments, highlights contexts where experiments are particularly advantageous as well as those where they may fall short. The chapter concludes with practical recommendations for enhancing the rigor and impact of experimental research in this domain.

Keywords: Entrepreneurial Finance; Research Design; Experiments; Conjoint Analysis; Validity (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035342495
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