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Essays on Entrepreneurial Financing.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays on Entrepreneurial Financing./
Author:	Jia, Ye.
Description:	1 online resource (150 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 84-02, Section: A.
Contained By:	Dissertations Abstracts International84-02A.
Subject:	Households. -
Online resource:	click for full text (PQDT)
ISBN:	9798841582175

Essays on Entrepreneurial Financing.
Jia, Ye.

Essays on Entrepreneurial Financing. - 1 online resource (150 pages)

Source: Dissertations Abstracts International, Volume: 84-02, Section: A.

Thesis (Ph.D.)--The University of Western Ontario (Canada), 2011.

Includes bibliographical references

This thesis consists of three chapters on the impact of different government policies on entrepreneurial financing. In the first chapter, by quantitatively evaluating the impact of different personal bankruptcy regimes on entrepreneurship in a life-cycle model with occupational choices, I conclude that personal bankruptcy law affect entrepreneurship mainly through the insurance effect rather than the borrowing cost effect. In addition, I find that variations in bankruptcy regimes have very different impacts on households with different abilities, and changes in the length of post-bankruptcy punishments have the largest impact on entrepreneurship compared to variations in other dimensions of the bankruptcy regime. In the second chapter, I demonstrate in a model that firms could be credit-constrained due to aggregate uncertainty and the government could offer insurance in the form of loan guarantees to ease borrowing constraints for small businesses, thus increase the efficiency of the overall economy. The third chapter shows that different regulation on equity financing by financial institution could be an explanation for the large disparity in sectoral allocation of investments by Venture Capital industries between developed countries. I develop a simple principal-agent model shows that when three commonly documented characteristics of the high-tech industry coexist, the ability for lenders to vary the level of control contingent on performance becomes key. Thus venture capitalists as equity holders have a clear advantage in financing young high-tech firms in countries where equity financing from banks is not allowed.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798841582175Subjects--Topical Terms:

892657
Households.
Index Terms--Genre/Form:

554714
Electronic books.

Essays on Entrepreneurial Financing.
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245 1 0 $a Essays on Entrepreneurial Financing.
264 0 $c 2011
300 $a 1 online resource (150 pages)
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500 $a Source: Dissertations Abstracts International, Volume: 84-02, Section: A.
500 $a Advisor: MacGee, James;Livshits, Igor.
502 $a Thesis (Ph.D.)--The University of Western Ontario (Canada), 2011.
504 $a Includes bibliographical references
520 $a This thesis consists of three chapters on the impact of different government policies on entrepreneurial financing. In the first chapter, by quantitatively evaluating the impact of different personal bankruptcy regimes on entrepreneurship in a life-cycle model with occupational choices, I conclude that personal bankruptcy law affect entrepreneurship mainly through the insurance effect rather than the borrowing cost effect. In addition, I find that variations in bankruptcy regimes have very different impacts on households with different abilities, and changes in the length of post-bankruptcy punishments have the largest impact on entrepreneurship compared to variations in other dimensions of the bankruptcy regime. In the second chapter, I demonstrate in a model that firms could be credit-constrained due to aggregate uncertainty and the government could offer insurance in the form of loan guarantees to ease borrowing constraints for small businesses, thus increase the efficiency of the overall economy. The third chapter shows that different regulation on equity financing by financial institution could be an explanation for the large disparity in sectoral allocation of investments by Venture Capital industries between developed countries. I develop a simple principal-agent model shows that when three commonly documented characteristics of the high-tech industry coexist, the ability for lenders to vary the level of control contingent on performance becomes key. Thus venture capitalists as equity holders have a clear advantage in financing young high-tech firms in countries where equity financing from banks is not allowed.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Households. $3 892657
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
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710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of Western Ontario (Canada). $3 1184598
773 0 $t Dissertations Abstracts International $g 84-02A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29239678 $z click for full text (PQDT)