Click HERE for a sample entrepreneurship paper
NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above. ISSN numbers: IJEE 1649-2269 and IRE 2009-2822
- IRE Aims & Scope
- Editorial + Biographies
- IRE News + Latest Papers
- Submissions + Notes for Authors
- Subscribe/Purchase + Prices
Publications & Abstracts below
In the ABS journals rankings published by the Chartered Association of Business Schools and also listed by Cabells, EBSCO, ARC, Cranfield, and Thomson-Reuters’ Web of Science ESCI citations index
ISSN Number: 2009-2822. Frequency: 4 Issues per year (online only)
Article #1678 - Theories of Financing for Entrepreneurial Firms: A Review
IRE Vol 20: Issue 2, 2022, Pages
Author(s): Anton Miglo (Adam Smith Business School, University of Glasgow, UK)
Abstract:
This article provides an overview of literature related to capital structure theories for entrepreneurial firms. It identifies gaps and controversial areas in existing literature and also discusses potential directions for future research. Credit rationing, signalling by risk-bearing, the learning market demand idea and the flexibility theory of capital structure are consistent with many patterns of financing of entrepreneurial firms. Credit rationing is the dominant area of research. Several directions have emerged that need answers such as for example which channel of credit rationing represents its main driving force. More empirical research is expected in signalling by risk-bearing. More theoretical and empirical research is expected regarding learning market demand and flexibility ideas. Pecking-order theory and trade-off theory play a significant role in large corporations but not so much in SMEs. More research is required investigating modified versions of each theory.
