Calls for papers

 

International Journal of Entrepreneurial Venturing

 

Special Issue on: "Entrepreneurial Finance"

Guest Editor:
Michael Olbrich, Saarland University, Germany

Research in the field of corporate finance has a long tradition in economic theory. However, a lot of its findings are valid for big, established companies but not for small firms and start-ups. New and growing enterprises have to face several specific challenges in financial markets. Because of the difficulties in judging the business model, the lack of collaterals, and limited track records, loans are scarcely to get and equity is the major source of financing. This holds particularly for innovative and high-tech start-ups. Such equity investments are mainly conducted in the way of angel and venture financing, where investor and entrepreneur work closely together for a certain period of time. Therefore, research in entrepreneurial finance must pay attention to these characteristics and answer the questions they raise with regard to, for example, agency conflicts, business valuation, financial reporting, and exit strategies. Beyond that, the wide range of findings in this field of research still awaits the aggregation into a comprehensive theory of entrepreneurial finance which is to this day the missing counterpart of the theory of corporate finance.

This special issue is interested in a mix of papers spanning multiple disciplines, approaches, and levels of analysis. Truly innovative research is appreciated and international and global perspectives are highly encouraged.

Subject Coverage
Areas of interest include, but are not limited to:

• History and evolution of entrepreneurial finance
• Restrictions of mainstream financial economics towards entrepreneurial issues
• Venture capital
• Valuation of start-ups
• Financial reporting
• Capital structure of start-ups
• Angel investments
• Exit strategies of investors
• Going public
• Financing rapid growth
• Incubators and their financing impact
• Investor and creditor relations
• Changes in capital structures over the business cycle
• Credit availability and lending to entrepreneurial firms
• Due diligence in entrepreneurial firms
• Public policy issues: government programmes, tax policies, and other regulations
• Cross-cultural differences in entrepreneurial finance
• Contracting issues: types of securities, covenants, and control rights
• Entrepreneurial finance in transition economies

Notes for Prospective Authors

Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. (N.B. Conference papers may only be submitted if the paper was not originally copyrighted and if it has been completely re-written).

All papers are refereed through a peer review process. A guide for authors, sample copies and other relevant information for submitting papers are available on the Author Guidelines page

Important Dates

Paper Submission Deadline: 1 October, 2010