Sources of Financing for New Technology Firms: Evidence from the Kauffman Firm Survey

Journal title ARGOMENTI
Author/s Alicia Robb
Publishing Year 2010 Issue 2010/29 Language Italian
Pages 32 P. 5-36 File size 613 KB
DOI 10.3280/ARG2010-029001
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This article uses data from the Kauffman Firm Survey to explore the financing sources and strategies of new technology-based firms. Findings reveal that technology-based firms, and particularly high tech firms, raise larger amounts of capital at startup than firms on average. These findings also suggest that, contrary to the Pecking Order and Life Cycle theories, owners of high tech firms are both willing and able to use external equity as a financing source.

Keywords: Firm’s financing, technology firms

Alicia Robb, Fonti di finanziamento per le nuove Imprese Tecnologiche: un’indagine sulle imprese della Fondazione Kauffman in "ARGOMENTI" 29/2010, pp 5-36, DOI: 10.3280/ARG2010-029001