“…They advocate asymmetric profit distribution and compensation (Jääskeläinen et al, 2007), which leads to steady relaxing of financial constraints through reduced investment/cash flow sensitivity (Colombo et al, 2014). Finance is undoubtedly crucial for growth (Belussi and Sedita, 2015;Gompers and Lerner, 2001;Kobeissi and Wang, 2009;Mlodawska, 2012;Tyebjee and Vickery, 1988), but generally entrepreneurs tend to encounter difficulties with underdeveloped risk capital markets (Belussi and Sedita, 2015;Samitas and Kenourgios, 2005;Sørheim et al, 2011;Tyebjee and Vickery, 1988). This leads us to the next subsection, where we closely examine the entrepreneur's point of view in the extant literature.…”