Signaling Information Management in Entrepreneurial Firms' Financing Acquisition

Abstract

Research has identified the significant effect of new ventures’ signaling information management on their ability to secure private equity financing. This study adopts an integrated signaling and screening perspective to investigate investors’ differing perceptions of signals from ventures, across early financing stages. It proposes a three-step interpretation process. Based on an inductive multiple case study of signaler‒receiver dyads, it finds that to reach a financing decision, angel investors extract a characteristic signal as the fundamental type, orchestrate an acting signal as a supplementary type, and scrutinize the consistency between both. However, venture capital investors extract an action signal as the fundamental type, orchestrate characteristic and endorsement signals as complementary types, and scrutinize the consistency among all three types.

Corporate environmental responsibility in polluting firms: Does digital transformation matter?

“…Digital transformation makes business governance more transparent and allows stakeholders to better understand the willingness of firms for environmental governance. Firms with a strong willingness in environmental governance often have a good reputation (Zheng et al, 2021). The results of Liu et al (2021) indicate that the better firms' environmental performance, the lower their financing constraints.…”

Impacts of IT capability and supply chain collaboration on supply chain resilience: empirical evidence from China in COVID-19 pandemic

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