Attracting early-stage investors: Is debt a deterrent or an incentive?

Mircea Epure; M. Guasch

doi:10.5465/AMBPP.2016.126

Attracting early-stage investors: Is debt a deterrent or an incentive?

Mircea Epure, M. Guasch

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Resum

This study analyzes the relationship between debt and outside equity investments in entrepreneurial firms. We show that debt, and in particular business debt, is positively related to early-stage outside equity investments. We posit that higher indebted firms can send more credible signals to investors and thus, attract more outside equity.

Idioma original	Anglès
Pàgines	1383-1388
Nombre de pàgines	6
DOIs	https://doi.org/10.5465/AMBPP.2016.126
Estat de la publicació	Publicada - 2016
Publicat externament	Sí
Esdeveniment	76th Annual Meeting of the Academy of Management, AOM 2016 - Anaheim, United States Durada: 5 d’ag. 2016 → 9 d’ag. 2016

Conferència

Conferència	76th Annual Meeting of the Academy of Management, AOM 2016
País/Territori	United States
Ciutat	Anaheim
Període	5/08/16 → 9/08/16

SDG de les Nacions Unides

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10.5465/AMBPP.2016.126

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title = "Attracting early-stage investors: Is debt a deterrent or an incentive?",

abstract = "This study analyzes the relationship between debt and outside equity investments in entrepreneurial firms. We show that debt, and in particular business debt, is positively related to early-stage outside equity investments. We posit that higher indebted firms can send more credible signals to investors and thus, attract more outside equity.",

author = "Mircea Epure and M. Guasch",

year = "2016",

doi = "10.5465/AMBPP.2016.126",

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AU - Guasch, M.

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N2 - This study analyzes the relationship between debt and outside equity investments in entrepreneurial firms. We show that debt, and in particular business debt, is positively related to early-stage outside equity investments. We posit that higher indebted firms can send more credible signals to investors and thus, attract more outside equity.

AB - This study analyzes the relationship between debt and outside equity investments in entrepreneurial firms. We show that debt, and in particular business debt, is positively related to early-stage outside equity investments. We posit that higher indebted firms can send more credible signals to investors and thus, attract more outside equity.

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U2 - 10.5465/AMBPP.2016.126

DO - 10.5465/AMBPP.2016.126

M3 - Contribution

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SP - 1383

EP - 1388

Y2 - 5 August 2016 through 9 August 2016

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Attracting early-stage investors: Is debt a deterrent or an incentive?

Resum

Conferència

SDG de les Nacions Unides

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