Credit-rationing and entrepreneurial experience: Evidence from a resource deficit context

Robson, Paul; Akuetteh, Charles K.; Stone, Ian R.; Westhead, Paul; Wright, Mike

doi:10.1080/08985626.2012.729091

Cited by 31 publications

(37 citation statements)

References 50 publications

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“…Further, the resource profiles of entrepreneurs can serve as a mechanism for important stakeholders to overcome information asymmetries (Robson et al, 2013). The provision of entrepreneurial finance is typically under-developed in returnees' home economies (Bruton et al, 2013).…”

Section: Expedited Entry-the Moderating Effects Of Returnee Foundersmentioning

confidence: 99%

Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources and speed of entrepreneurial entry

Qin

Wright

Gao

2017

Journal of Business Venturing

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We add to neglected research on how venture resources and founder experience outside the home country interplay in facilitating venture creation speed. In particular, we explore how returnee entrepreneurs influence the role of venture resources in the speed of entrepreneurial entry. Using a novel representative sample of 388 new ventures covering a range of technologies in China, we find that returnees from abroad are slower in new venture entry in the home country, compared with homegrown entrepreneurs. At the same time, ventures with innovative technology and backed by foreign capital are slower to set up due to higher levels of liability of newness and liability of foreignness. However, when these firms have a returnee founder who can leverage their experience with foreign resources and technological knowhow, such negative effects on entry speed are significantly mitigated. We discuss implications for further research and practice

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Section: Expedited Entry-the Moderating Effects Of Returnee Foundersmentioning

confidence: 99%

Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources and speed of entrepreneurial entry

Qin

Wright

Gao

2017

Journal of Business Venturing

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“…Very small firms are heavily reliant on bank loans, trade credit, and informal sources of capital, including credits from family and friends. Numerous studies highlight the existence of financial constraints that hinder the survival or growth of start-up companies (Dong and Men 2014;Robson et al 2013).…”

Section: Effect Of Debt On the Survival Of New Businessesmentioning

confidence: 99%

Indebtedness for young companies: effects on survival

Wamba

Hikkerova

Sahut

et al. 2016

Entrepreneurship & Regional Development

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Based on data from 7,350 Cameroonian companies created between 1990 and 2008, we study the link between the characteristics of indebtedness for young companies during their creation and survival period of up to three years, from three to five years, and beyond five years. We complement our quantitative analysis with semi-directive interviews of Cameroonian entrepreneurs to deepen our study. Our results are manifold. We show that access to bank loans during the creation phase, as well as the volume of loans or, to some extent, the debt ratio improve the probability of survival during the early years, but this effect fades away rapidly. The interviews shed light on the motivations of entrepreneurs, particularly of those with very small businesses. Finally, our work reveals the antecedent role of their social capital that facilitates their access to bank loans, and, therefore, the probability of company survival.

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“…En concreto, Hoque et al(2016) hallan que la edad y el sexo del dueño principal de la empresa tienen un impacto significativo sobre el racionamiento de crédito. Robson, Akuetteh, Stone, Westhead, & Wright (2013) concluyen que la experiencia del empresario reduce la probabilidad de que sus créditos sean racionados.…”

Section: Capital Humano: Edad Experiencia Nivel De Educación Y Géneunclassified

“…Adicionalmente, McCarthy et al (2013) concluyen en su modelo que las empresas que realizan pequeñas innovaciones sobre sus productos, tienden a experimentar un mayor éxito en el préstamo solicitado. Robson et al (2013) llegan al resultado de que cuando el empresario está involucrado en su negocio con la innovación, en nuevos productos o servicios y en la innovación de procesos de producción, se es menos propenso al racionamiento de crédito.…”

Section: Innovación Posición Tecnológica Calidad Y Uso De Tic'sunclassified

Factores determinantes que explican el acceso a la financiación bancaria: un estudio empírico en empresas peruanas

Espinoza

Gómez-Guillamón

2017

SBIR

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ResumenEl presente estudio analiza las causas del racionamiento de crédito en las micro y pequeñas empresas peruanas. Dado que en Perú se produce un especial problema en el acceso al crédito puesto que el sistema financiero no está plenamente desarrollado y las posibilidades de acceso al crédito bancario son menores que en otras economías. Para ello, se desarrolla un estudio empírico mediante una encuesta a una muestra de 158 micro y pequeñas empresas peruanas. Nuestro trabajo produce robustos resultados en cuanto a factores que influyen en el acceso a la financiación de las micro y pequeñas empresas en Perú. De forma que se identifican factores tangibles e intangibles como la certificación de calidad, el contar con buenos sistemas de gestión, el hacer planeamiento dentro de la empresa, hacer actividades de innovación, contar con directivos altamente calificados y con experiencia que le permitan a los prestatarios dar señales de la buena condición del negocio, y de Volumen 1, Número 1 Julio -Diciembre de 2017 pp. 11-34

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Credit-rationing and entrepreneurial experience: Evidence from a resource deficit context

Cited by 31 publications

References 50 publications

Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources and speed of entrepreneurial entry

Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources and speed of entrepreneurial entry

Indebtedness for young companies: effects on survival

Factores determinantes que explican el acceso a la financiación bancaria: un estudio empírico en empresas peruanas

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