Korosteleva, J.; Mickiewicz, T.; (2010) Start-up financing in the age of Globalisation. (Economics Working Papers 96). Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK.

Preview

PDF 1382005.pdf Download (610kB)

Abstract

We investigate the determinants of start-up financing in 54 countries, using the Global Entrepreneurship Monitor (GEM) surveys for years 2001-2006. We find that financial liberalisation increases the total financial size of the individual start-up entrepreneurial project both via the increased use of external and of own funds. In addition, the volume of start-up finance responds positively to international capital inflows as represented by loans from non-resident banks and remittances, and negatively to the volume of offshore deposits. The positive impact of remittances on total volume of start-up financing is via own finance of the entrepreneur.

Type:	Working / discussion paper
Title:	Start-up financing in the age of Globalisation
Open access status:	An open access version is available from UCL Discovery
Publisher version:	http://www.ssees.ucl.ac.uk/wp96sum.htm
Language:	English
Additional information:	This working paper is a revised version 'Start-up financing: a comparative perspective' of available at http://discovery.ucl.ac.uk/17443/
Keywords:	Start-up finance, entrepreneurial traits, informal finance, financial freedom, capital flows, Global Entrepreneurship Monitor, GEM
UCL classification:	UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI:	https://discovery-pp.ucl.ac.uk/id/eprint/1382005

Available Versions of this Item

• Start-up financing: a comparative perspective. (deposited 15 Sep 2009 16:15)
  • Start-up financing in the age of Globalisation. (deposited 08 Jan 2013 11:19) [Currently Displayed]

Archive Staff Only

View Item