Financing Constraints and Entrepreneurship

William Kerr and Ramana Nanda

No 15498, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Financing constraints are one of the biggest concerns impacting potential entrepreneurs around the world. Given the important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints for would-be entrepreneurs is also an important goal for policymakers worldwide. We review two major streams of research examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified perspective on these research streams, thereby highlighting some important areas for future research and policy analysis in entrepreneurial finance.

JEL-codes: E44 G21 L26 M13 (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-ent, nep-mac and nep-sbm
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Published as Kerr, William R., and Ramana Nanda. "Financing Constraints and Entrepreneurship." In Handbook of Research on Innovation and Entrepreneurship, edited by David Audretsch, Oliver Falck, and Stephan Heblich, 88–103. Cheltenham, U.K.: Edward Elgar Publishing, 2011. (NBER WP 15498, HBS WP 10-013.)

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Working Paper: Financing Constraints and Entrepreneurship (2009)
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