Venture Financing and Role of Certification: A Theoretical Perspective

Rassoul Yazdipour
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Rassoul Yazdipour: California State University, Fresno

Journal of Entrepreneurial Finance, 2001, vol. 6, issue 1, 156-60

Abstract: This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model to cases of pre-venture-capital start-up firms, along with the practical implications that would follow, efforts are made to derive some testable hypotheses for further research on the topic.

Keywords: Capital; Entrepreneur; Financing; IPO; Venture Capital (search for similar items in EconPapers)
JEL-codes: G24 G32 L25 M13 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pep:journl:v:6:y:2001:i:1:p:156-60

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