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  • 1.  Special issue: Embracing entrepreneurial funding innovations - Venture Capital: An International Journal of Entrepreneurial Finance

    Posted 04-23-2015 09:58
    CALL FOR PAPERS

    Venture Capital: An International Journal of Entrepreneurial Finance

    Special Issue: Embracing entrepreneurial funding innovations

    The deadline for the submission of papers is 31 December 2015.

    Special issue guest editors

    Cristiano Bellavitis (Higher School of Economics, National Research University)
    
Igor Filatotchev (Cass Business School, City University London, and Vienna University of Economics and Business)
    Dzidziso Samuel Kamuriwo (Cass Business School, City University London)
    Tom Vanacker (Ghent University)

    Introduction
    Entrepreneurial firms are the backbone of economies and drivers of both economic development and employment. Young and innovative entrepreneurial firms are germane to the creation, development and growth of new technologies, industries and markets and create the most jobs. Yet, these firms often need considerable amounts of financial capital to sustain their growth. Over the last decades, the en- trepreneurial finance literature emphasized the importance of business angels and venture capital investors.

    However, despite the relevance of angel and venture capital financing, in recent years a whole set of relatively new sources of financing have emerged (e.g., Bruton, Khavul, Siegel and Wright, 2014). Entrepreneurs in science and technology start-ups can raise financing from numerous sources, such as accelerators and incubators, proof-of-concept centres, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Moreover, contrary to common accounts of startup activity, research further shows that new entrepreneurial firms heavily rely on external debt sources, including bank financing (e.g., Robb and Robinson, 2014). Others argue that entrepreneurs can create and grow flourishing firms without raising the external financing that other firms consider to be essential, for instance, through financial bootstrapping and bricolage (e.g., Baker and Nelson, 2005; Winborg and Landström, 2001).

    Considering the importance of entrepreneurial firms for the overall economic system, there is a need for research on these distinct sources of financing to understand how they impact start-ups (Fraser, Bhaumik and Wright, 2015). Extant research has only skimmed the surface in terms of exploring the ways (a) entrepreneurs rely on these relatively new sources of financing, (b) entrepreneurs use more traditional sources of financing (such as bank debt), which are typically assumed to be unavailable to early stage entrepreneurial firms, and (c) entrepreneurs use more or less creative strategies to realize "more with less".

    Furthermore, the entrepreneurial finance literature is largely segmented by the source of financing from which entrepreneurs obtain their financing. As highlighted by Cosh, Cumming and Hughes (2009) entrepreneurial finance studies focus, almost exclusively, on a single source of financing. Largely separate streams of literature have emerged in bank finance, lease finance, business angel finance, venture capital, private equity, supplier finance and more recently, crowdfunding. However, in practice, entrepreneurs often raise financing from a multitude of sources. Hence, we need a better understanding of how these various sources of financing interact and how different combinations support (or harm) entrepreneurial firms (Hanssens, Deloof and Vanacker, 2015).

    Research topics
    The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance, generally ignored sources of financing and strategies entrepreneurs can implement to realize more with less need for external financing. We also would like to explore how distinct sources of financing interrelate with each other and with more "classic" sources of entrepreneurial financing. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions. Topics of interest include but are not restricted to the following:
    • What is the effect of being embedded in multiple funding networks to firm outcomes?

    • Are new sources of entrepreneurial financing going to replace or complement venture capital and angel finance? If so, how?

    • For which firms each funding source is more accessible?

    • What can firms do to increase the probability of raising new sources of entrepreneurial financing?

    • When and for which type of companies is each funding source more advantageous in boosting performance (e.g. survival, growth, M&A, IPO)?

    • And what is the ideal combination of funding sources for entrepreneurial firms performance?

    • How can entrepreneurs grow their firms without raising additional external financing?

    • Are there geographical differences in relation to entrepreneurial financing?

    • What sources of financing are available in developing countries?

    Paper submission procedure

    All submissions will be subject to the standard review process followed by Venture Capital: An International Journal of Entrepreneurial Finance. All manuscripts must be original, unpublished works that are not under review for publication elsewhere. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors and should be sent as a Word file to: Cristiano Bellavitis, Higher School of Economics, National Research University, Russia at CBellavitis@hse.ru

    Key dates

    The deadline for the submission of papers is 31 December 2015. We expect the following timing in between initial submission and publication of the Special Issue:
    - 31st of March 2016: Completion of first round reviews
    - 30th of April 2016: Decisions notified to authors
    - 30th of September 2016: Revised submissions due
    The Special Issue is scheduled for publication in early 2017. To support the development of papers, the editorial team will be available at EURAM (Warsaw), AOM (Vancouver) and EGOS (Athens).

    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31

    References

    Baker, T., & Nelson, R. E. (2005). Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329-366.

    Bruton, G., Khavul, S., Siegel, D. and Wright, M. (2015), New financial alternatives in seeding entre- preneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship Theory and Practice, 39: 9–26.

    Cosh, A., Cumming, D., & Hughes, A. (2009). Outside entrepreneurial capital. The Economic Journal, 119(540), 1494-1533.

    Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.

    Hanssens, J., Deloof M., & Vanacker, T. (2015). Underexplored issues in entrepreneurial finance. In D. B. Audretsch, C. S. Hayter, & A. N. Link (Eds.), The Concise Guide to Entrepreneurship, Technology and Innovation. New York, NY: Edward Elgar.

    Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. Review of Finan- cial Studies, 27(1), 153-179.

    Winborg, J., & Landström, H. (2001). Financial bootstrapping in small businesses: examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235-254.


    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 2.  Special issue: Embracing entrepreneurial funding innovations - Venture Capital: An International Journal of Entrepreneurial Finance

    Posted 06-01-2015 09:00


    CALL FOR PAPERS

    Venture Capital: An International Journal of Entrepreneurial Finance

    Special Issue: Embracing entrepreneurial funding innovations

    The deadline for the submission of papers is 31 December 2015.

    Special issue guest editors

    Cristiano Bellavitis (Higher School of Economics, National Research University)
    
Igor Filatotchev (Cass Business School, City University London, and Vienna University of Economics and Business)
    Dzidziso Samuel Kamuriwo (Cass Business School, City University London)
    Tom Vanacker (Ghent University)

    Introduction
    Entrepreneurial firms are the backbone of economies and drivers of both economic development and employment. Young and innovative entrepreneurial firms are germane to the creation, development and growth of new technologies, industries and markets and create the most jobs. Yet, these firms often need considerable amounts of financial capital to sustain their growth. Over the last decades, the entrepreneurial finance literature emphasized the importance of business angels and venture capital investors.

    However, despite the relevance of angel and venture capital financing, in recent years a whole set of relatively new sources of financing have emerged (e.g., Bruton, Khavul, Siegel and Wright, 2014). Entrepreneurs in science and technology start-ups can raise financing from numerous sources, such as accelerators and incubators, proof-of-concept centres, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Moreover, contrary to common accounts of startup activity, research further shows that new entrepreneurial firms heavily rely on external debt sources, including bank financing (e.g., Robb and Robinson, 2014). Others argue that entrepreneurs can create and grow flourishing firms without raising the external financing that other firms consider to be essential, for instance, through financial bootstrapping and bricolage (e.g., Baker and Nelson, 2005; Winborg and Landström, 2001).

    Considering the importance of entrepreneurial firms for the overall economic system, there is a need for research on these distinct sources of financing to understand how they impact start-ups (Fraser, Bhaumik and Wright, 2015). Extant research has only skimmed the surface in terms of exploring the ways (a) entrepreneurs rely on these relatively new sources of financing, (b) entrepreneurs use more traditional sources of financing (such as bank debt), which are typically assumed to be unavailable to early stage entrepreneurial firms, and (c) entrepreneurs use more or less creative strategies to realize "more with less".

    Furthermore, the entrepreneurial finance literature is largely segmented by the source of financing from which entrepreneurs obtain their financing. As highlighted by Cosh, Cumming and Hughes (2009) entrepreneurial finance studies focus, almost exclusively, on a single source of financing. Largely separate streams of literature have emerged in bank finance, lease finance, business angel finance, venture capital, private equity, supplier finance and more recently, crowdfunding. However, in practice, entrepreneurs often raise financing from a multitude of sources. Hence, we need a better understanding of how these various sources of financing interact and how different combinations support (or harm) entrepreneurial firms (Hanssens, Deloof and Vanacker, 2015).

    Research topics
    The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance, generally ignored sources of financing and strategies entrepreneurs can implement to realize more with less need for external financing. We also would like to explore how distinct sources of financing interrelate with each other and with more "classic" sources of entrepreneurial financing. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions. Topics of interest include but are not restricted to the following:
    • What is the effect of being embedded in multiple funding networks to firm outcomes?

    • Are new sources of entrepreneurial financing going to replace or complement venture capital and angel finance? If so, how?

    • For which firms each funding source is more accessible?

    • What can firms do to increase the probability of raising new sources of entrepreneurial financing?

    • When and for which type of companies is each funding source more advantageous in boosting performance (e.g. survival, growth, M&A, IPO)?

    • And what is the ideal combination of funding sources for entrepreneurial firms performance?

    • How can entrepreneurs grow their firms without raising additional external financing?

    • Are there geographical differences in relation to entrepreneurial financing?

    • What sources of financing are available in developing countries?

    Paper submission procedure

    All submissions will be subject to the standard review process followed by Venture Capital: An International Journal of Entrepreneurial Finance. All manuscripts must be original, unpublished works that are not under review for publication elsewhere. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors and should be sent as a Word file to: Cristiano Bellavitis, Higher School of Economics, National Research University, Russia at CBellavitis@hse.ru

    Key dates

    The deadline for the submission of papers is 31 December 2015. We expect the following timing in between initial submission and publication of the Special Issue:
    - 31st of March 2016: Completion of first round reviews
    - 30th of April 2016: Decisions notified to authors
    - 30th of September 2016: Revised submissions due
    The Special Issue is scheduled for publication in early 2017. To support the development of papers, the editorial team will be available at EURAM (Warsaw), AOM (Vancouver) and EGOS (Athens).

    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31

    References

    Baker, T., & Nelson, R. E. (2005). Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329-366.

    Bruton, G., Khavul, S., Siegel, D. and Wright, M. (2015), New financial alternatives in seeding entre- preneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship Theory and Practice, 39: 9–26.

    Cosh, A., Cumming, D., & Hughes, A. (2009). Outside entrepreneurial capital. The Economic Journal, 119(540), 1494-1533.

    Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.

    Hanssens, J., Deloof M., & Vanacker, T. (2015). Underexplored issues in entrepreneurial finance. In D. B. Audretsch, C. S. Hayter, & A. N. Link (Eds.), The Concise Guide to Entrepreneurship, Technology and Innovation. New York, NY: Edward Elgar.

    Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. Review of Finan- cial Studies, 27(1), 153-179.

    Winborg, J., & Landström, H. (2001). Financial bootstrapping in small businesses: examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235-254.
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 3.  Special issue: Embracing entrepreneurial funding innovations - Venture Capital: An International Journal of Entrepreneurial Finance

    Posted 07-14-2015 04:42

    CALL FOR PAPERS

    Venture Capital: An International Journal of Entrepreneurial Finance

    Special Issue: Embracing entrepreneurial funding innovations

    The deadline for the submission of papers is 31 December 2015.

    Special issue guest editors

    Cristiano Bellavitis (Higher School of Economics, National Research University)
    
Igor Filatotchev (Cass Business School, City University London, and Vienna University of Economics and Business)
    Dzidziso Samuel Kamuriwo (Cass Business School, City University London)
    Tom Vanacker (Ghent University)

    Introduction
    Entrepreneurial firms are the backbone of economies and drivers of both economic development and employment. Young and innovative entrepreneurial firms are germane to the creation, development and growth of new technologies, industries and markets and create the most jobs. Yet, these firms often need considerable amounts of financial capital to sustain their growth. Over the last decades, the entrepreneurial finance literature emphasized the importance of business angels and venture capital investors.

    However, despite the relevance of angel and venture capital financing, in recent years a whole set of relatively new sources of financing have emerged (e.g., Bruton, Khavul, Siegel and Wright, 2014). Entrepreneurs in science and technology start-ups can raise financing from numerous sources, such as accelerators and incubators, proof-of-concept centres, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Moreover, contrary to common accounts of startup activity, research further shows that new entrepreneurial firms heavily rely on external debt sources, including bank financing (e.g., Robb and Robinson, 2014). Others argue that entrepreneurs can create and grow flourishing firms without raising the external financing that other firms consider to be essential, for instance, through financial bootstrapping and bricolage (e.g., Baker and Nelson, 2005; Winborg and Landström, 2001).

    Considering the importance of entrepreneurial firms for the overall economic system, there is a need for research on these distinct sources of financing to understand how they impact start-ups (Fraser, Bhaumik and Wright, 2015). Extant research has only skimmed the surface in terms of exploring the ways (a) entrepreneurs rely on these relatively new sources of financing, (b) entrepreneurs use more traditional sources of financing (such as bank debt), which are typically assumed to be unavailable to early stage entrepreneurial firms, and (c) entrepreneurs use more or less creative strategies to realize "more with less".

    Furthermore, the entrepreneurial finance literature is largely segmented by the source of financing from which entrepreneurs obtain their financing. As highlighted by Cosh, Cumming and Hughes (2009) entrepreneurial finance studies focus, almost exclusively, on a single source of financing. Largely separate streams of literature have emerged in bank finance, lease finance, business angel finance, venture capital, private equity, supplier finance and more recently, crowdfunding. However, in practice, entrepreneurs often raise financing from a multitude of sources. Hence, we need a better understanding of how these various sources of financing interact and how different combinations support (or harm) entrepreneurial firms (Hanssens, Deloof and Vanacker, 2015).

    Research topics
    The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance, generally ignored sources of financing and strategies entrepreneurs can implement to realize more with less need for external financing. We also would like to explore how distinct sources of financing interrelate with each other and with more "classic" sources of entrepreneurial financing. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions. Topics of interest include but are not restricted to the following:
    • What is the effect of being embedded in multiple funding networks to firm outcomes?

    • Are new sources of entrepreneurial financing going to replace or complement venture capital and angel finance? If so, how?

    • For which firms each funding source is more accessible?

    • What can firms do to increase the probability of raising new sources of entrepreneurial financing?

    • When and for which type of companies is each funding source more advantageous in boosting performance (e.g. survival, growth, M&A, IPO)?

    • And what is the ideal combination of funding sources for entrepreneurial firms performance?

    • How can entrepreneurs grow their firms without raising additional external financing?

    • Are there geographical differences in relation to entrepreneurial financing?

    • What sources of financing are available in developing countries?

    Paper submission procedure

    All submissions will be subject to the standard review process followed by Venture Capital: An International Journal of Entrepreneurial Finance. All manuscripts must be original, unpublished works that are not under review for publication elsewhere. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors and should be sent as a Word file to: Cristiano Bellavitis, Higher School of Economics, National Research University, Russia at CBellavitis@hse.ru

    Key dates

    The deadline for the submission of papers is 31 December 2015. We expect the following timing in between initial submission and publication of the Special Issue:
    - 31st of March 2016: Completion of first round reviews
    - 30th of April 2016: Decisions notified to authors
    - 30th of September 2016: Revised submissions due
    The Special Issue is scheduled for publication in early 2017. To support the development of papers, the editorial team will be available at AOM (Vancouver).

    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31

    References

    Baker, T., & Nelson, R. E. (2005). Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329-366.

    Bruton, G., Khavul, S., Siegel, D. and Wright, M. (2015), New financial alternatives in seeding entre- preneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship Theory and Practice, 39: 9–26.

    Cosh, A., Cumming, D., & Hughes, A. (2009). Outside entrepreneurial capital. The Economic Journal, 119(540), 1494-1533.

    Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.

    Hanssens, J., Deloof M., & Vanacker, T. (2015). Underexplored issues in entrepreneurial finance. In D. B. Audretsch, C. S. Hayter, & A. N. Link (Eds.), The Concise Guide to Entrepreneurship, Technology and Innovation. New York, NY: Edward Elgar.

    Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. Review of Finan- cial Studies, 27(1), 153-179.

    Winborg, J., & Landström, H. (2001). Financial bootstrapping in small businesses: examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235-254.

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 4.  Special issue: Embracing entrepreneurial funding innovations - Venture Capital: An International Journal of Entrepreneurial Finance

    Posted 09-16-2015 11:36
    CALL FOR PAPERS

    Venture Capital: An International Journal of Entrepreneurial Finance

    Special Issue: Embracing entrepreneurial funding innovations

    The deadline for the submission of papers is 31 December 2015.

    Special issue guest editors

    Cristiano Bellavitis (Higher School of Economics, National Research University)
    
Igor Filatotchev (Cass Business School, City University London, and Vienna University of Economics and Business)
    Dzidziso Samuel Kamuriwo (Cass Business School, City University London)
    Tom Vanacker (Ghent University)

    Introduction
    Entrepreneurial firms are the backbone of economies and drivers of both economic development and employment. Young and innovative entrepreneurial firms are germane to the creation, development and growth of new technologies, industries and markets and create the most jobs. Yet, these firms often need considerable amounts of financial capital to sustain their growth. Over the last decades, the entrepreneurial finance literature emphasized the importance of business angels and venture capital investors.

    However, despite the relevance of angel and venture capital financing, in recent years a whole set of relatively new sources of financing have emerged (e.g., Bruton, Khavul, Siegel and Wright, 2014). Entrepreneurs in science and technology start-ups can raise financing from numerous sources, such as accelerators and incubators, proof-of-concept centres, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Moreover, contrary to common accounts of startup activity, research further shows that new entrepreneurial firms heavily rely on external debt sources, including bank financing (e.g., Robb and Robinson, 2014). Others argue that entrepreneurs can create and grow flourishing firms without raising the external financing that other firms consider to be essential, for instance, through financial bootstrapping and bricolage (e.g., Baker and Nelson, 2005; Winborg and Landström, 2001).

    Considering the importance of entrepreneurial firms for the overall economic system, there is a need for research on these distinct sources of financing to understand how they impact start-ups (Fraser, Bhaumik and Wright, 2015). Extant research has only skimmed the surface in terms of exploring the ways (a) entrepreneurs rely on these relatively new sources of financing, (b) entrepreneurs use more traditional sources of financing (such as bank debt), which are typically assumed to be unavailable to early stage entrepreneurial firms, and (c) entrepreneurs use more or less creative strategies to realize "more with less".

    Furthermore, the entrepreneurial finance literature is largely segmented by the source of financing from which entrepreneurs obtain their financing. As highlighted by Cosh, Cumming and Hughes (2009) entrepreneurial finance studies focus, almost exclusively, on a single source of financing. Largely separate streams of literature have emerged in bank finance, lease finance, business angel finance, venture capital, private equity, supplier finance and more recently, crowdfunding. However, in practice, entrepreneurs often raise financing from a multitude of sources. Hence, we need a better understanding of how these various sources of financing interact and how different combinations support (or harm) entrepreneurial firms (Hanssens, Deloof and Vanacker, 2015).

    Research topics
    The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance, generally ignored sources of financing and strategies entrepreneurs can implement to realize more with less need for external financing. We also would like to explore how distinct sources of financing interrelate with each other and with more "classic" sources of entrepreneurial financing. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions. Topics of interest include but are not restricted to the following:
    • What is the effect of being embedded in multiple funding networks to firm outcomes?

    • Are new sources of entrepreneurial financing going to replace or complement venture capital and angel finance? If so, how?

    • For which firms each funding source is more accessible?

    • What can firms do to increase the probability of raising new sources of entrepreneurial financing?

    • When and for which type of companies is each funding source more advantageous in boosting performance (e.g. survival, growth, M&A, IPO)?

    • And what is the ideal combination of funding sources for entrepreneurial firms performance?

    • How can entrepreneurs grow their firms without raising additional external financing?

    • Are there geographical differences in relation to entrepreneurial financing?

    • What sources of financing are available in developing countries?

    Paper submission procedure

    All submissions will be subject to the standard review process followed by Venture Capital: An International Journal of Entrepreneurial Finance. All manuscripts must be original, unpublished works that are not under review for publication elsewhere. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors and should be sent as a Word file to: Cristiano Bellavitis, Higher School of Economics, National Research University, Russia at CBellavitis@hse.ru

    Key dates

    The deadline for the submission of papers is 31 December 2015. We expect the following timing in between initial submission and publication of the Special Issue:
    - 31st of March 2016: Completion of first round reviews
    - 30th of April 2016: Decisions notified to authors
    - 30th of September 2016: Revised submissions due

    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31

    References

    Baker, T., & Nelson, R. E. (2005). Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329-366.

    Bruton, G., Khavul, S., Siegel, D. and Wright, M. (2015), New financial alternatives in seeding entre- preneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship Theory and Practice, 39: 9–26.

    Cosh, A., Cumming, D., & Hughes, A. (2009). Outside entrepreneurial capital. The Economic Journal, 119(540), 1494-1533.

    Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.

    Hanssens, J., Deloof M., & Vanacker, T. (2015). Underexplored issues in entrepreneurial finance. In D. B. Audretsch, C. S. Hayter, & A. N. Link (Eds.), The Concise Guide to Entrepreneurship, Technology and Innovation. New York, NY: Edward Elgar.

    Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. Review of Finan- cial Studies, 27(1), 153-179.

    Winborg, J., & Landström, H. (2001). Financial bootstrapping in small businesses: examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235-254.
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!


  • 5.  Special issue and EURAM 2016

    Posted 10-07-2015 15:58
    CALL FOR PAPERS
    European Academy of Management Conference
    ST_03-03 Entrepreneurial Finance
    SIG: Entrepreneurship
    1-4 June, Paris (France)
    Submission deadline 12 January 2016
     
    We invite submissions to our standing track Entrepreneurial Finance at EURAM and for a Special issue on Venture Capital. Please read the track description and CfP below, and feel free to get in touch in case of questions.

    DESCRIPTION
     
    Small businesses are the backbone of economies and drivers of both economic development and employment. Yet, these firms often suffer from financing constraints which limit their growth and threaten their survival. Despite the relevance of the "classic" forms of capital, in recent years a whole set of innovative financial instruments have emerged. Nowadays numerous ways to raise capital are available to entrepreneurs in science and technology start-ups such as accelerators and incubators, proof-of-concept centers, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Are new forms capitals for small businesses going to replace venture capital and angel finance? If not, what is the competitive advantage of VCs and business angels? What are the advantages and disadvantages of each form of capital? In situations of crises (e.g. economic crises, natural disasters), what type of finance is available to entrepreneurs? What is the impact of these forms of capital on survival and growth of small businesses? When and why an entrepreneur should favour a particular form of financing over another?

     
    For more information on submission guidelines and practicalities, please visit the conference website http://euram-online.org/annual-conference-2016.html
     
    We hope to see you in Paris!

    We are also organising a Special Issue of Venture Capital: An International Journal of Entrepreneurial Finance. The theme of the special Issue is Embracing entrepreneurial funding innovations. The deadline for the submission of papers is 31 December 2015. The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions.


    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!


  • 6.  Special issue: Embracing entrepreneurial funding innovations - Venture Capital: An International Journal of Entrepreneurial Finance

    Posted 11-09-2015 07:38

    CALL FOR PAPERS

    Venture Capital: An International Journal of Entrepreneurial Finance

    Special Issue: Embracing entrepreneurial funding innovations

    The deadline for the submission of papers is 31 December 2015.

    Special issue guest editors

    Cristiano Bellavitis (Higher School of Economics, National Research University)
    
Igor Filatotchev (Cass Business School, City University London, and Vienna University of Economics and Business)
    Dzidziso Samuel Kamuriwo (Cass Business School, City University London)
    Tom Vanacker (Ghent University)

    Introduction
    Entrepreneurial firms are the backbone of economies and drivers of both economic development and employment. Young and innovative entrepreneurial firms are germane to the creation, development and growth of new technologies, industries and markets and create the most jobs. Yet, these firms often need considerable amounts of financial capital to sustain their growth. Over the last decades, the entrepreneurial finance literature emphasized the importance of business angels and venture capital investors.

    However, despite the relevance of angel and venture capital financing, in recent years a whole set of relatively new sources of financing have emerged (e.g., Bruton, Khavul, Siegel and Wright, 2014). Entrepreneurs in science and technology start-ups can raise financing from numerous sources, such as accelerators and incubators, proof-of-concept centres, university-based seed funds, crowdfunding platforms, and IP-backed financial instruments. Moreover, contrary to common accounts of startup activity, research further shows that new entrepreneurial firms heavily rely on external debt sources, including bank financing (e.g., Robb and Robinson, 2014). Others argue that entrepreneurs can create and grow flourishing firms without raising the external financing that other firms consider to be essential, for instance, through financial bootstrapping and bricolage (e.g., Baker and Nelson, 2005; Winborg and Landström, 2001).

    Considering the importance of entrepreneurial firms for the overall economic system, there is a need for research on these distinct sources of financing to understand how they impact start-ups (Fraser, Bhaumik and Wright, 2015). Extant research has only skimmed the surface in terms of exploring the ways (a) entrepreneurs rely on these relatively new sources of financing, (b) entrepreneurs use more traditional sources of financing (such as bank debt), which are typically assumed to be unavailable to early stage entrepreneurial firms, and (c) entrepreneurs use more or less creative strategies to realize "more with less".

    Furthermore, the entrepreneurial finance literature is largely segmented by the source of financing from which entrepreneurs obtain their financing. As highlighted by Cosh, Cumming and Hughes (2009) entrepreneurial finance studies focus, almost exclusively, on a single source of financing. Largely separate streams of literature have emerged in bank finance, lease finance, business angel finance, venture capital, private equity, supplier finance and more recently, crowdfunding. However, in practice, entrepreneurs often raise financing from a multitude of sources. Hence, we need a better understanding of how these various sources of financing interact and how different combinations support (or harm) entrepreneurial firms (Hanssens, Deloof and Vanacker, 2015).

    Research topics
    The special issue intends to further our knowledge of the latest trends in entrepreneurial finance, including the emergence of relatively new sources of finance, generally ignored sources of financing and strategies entrepreneurs can implement to realize more with less need for external financing. We also would like to explore how distinct sources of financing interrelate with each other and with more "classic" sources of entrepreneurial financing. We welcome papers adopting a multitude of methods, both empirical and theoretical contributions. Topics of interest include but are not restricted to the following:
    • What is the effect of being embedded in multiple funding networks to firm outcomes?

    • Are new sources of entrepreneurial financing going to replace or complement venture capital and angel finance? If so, how?

    • For which firms each funding source is more accessible?

    • What can firms do to increase the probability of raising new sources of entrepreneurial financing?

    • When and for which type of companies is each funding source more advantageous in boosting performance (e.g. survival, growth, M&A, IPO)?

    • And what is the ideal combination of funding sources for entrepreneurial firms performance?

    • How can entrepreneurs grow their firms without raising additional external financing?

    • Are there geographical differences in relation to entrepreneurial financing?

    • What sources of financing are available in developing countries?

    Paper submission procedure

    All submissions will be subject to the standard review process followed by Venture Capital: An International Journal of Entrepreneurial Finance. All manuscripts must be original, unpublished works that are not under review for publication elsewhere. Papers for the Special Issue should be prepared and formatted according to the Journal's Instructions to Contributors and should be sent as a Word file to: Cristiano Bellavitis, Higher School of Economics, National Research University, Russia at CBellavitis@hse.ru

    Key dates

    The deadline for the submission of papers is 31 December 2015. We expect the following timing in between initial submission and publication of the Special Issue:
    - 31st of March 2016: Completion of first round reviews
    - 30th of April 2016: Decisions notified to authors
    - 30th of September 2016: Revised submissions due

    Kind regards,

    Cristiano Bellavitis, Ph.D.
    Assistant Professor of Entrepreneurship
    Faculty of Management - NRU - Higher School of Economics
    33, Kirpichnaya str., office 806, Moscow, 105187, Russia
    Mobile RU +7 (917) 589 79 11 - UK +44 7909 05 03 31

    References

    - Baker, T., & Nelson, R. E. (2005). Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly, 50(3), 329-366.
    - Bruton, G., Khavul, S., Siegel, D. and Wright, M. (2015), New financial alternatives in seeding entre- preneurship: Microfinance, crowdfunding, and peer-to-peer innovations. Entrepreneurship Theory and Practice, 39: 9–26.
    - Cosh, A., Cumming, D., & Hughes, A. (2009). Outside entrepreneurial capital. The Economic Journal, 119(540), 1494-1533.
    - Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.
    - Hanssens, J., Deloof M., & Vanacker, T. (2015). Underexplored issues in entrepreneurial finance. In D. B. Audretsch, C. S. Hayter, & A. N. Link (Eds.), The Concise Guide to Entrepreneurship, Technology and Innovation. New York, NY: Edward Elgar.
    - Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. Review of Finan- cial Studies, 27(1), 153-179.
    - Winborg, J., & Landström, H. (2001). Financial bootstrapping in small businesses: examining small business managers' resource acquisition behaviors. Journal of Business Venturing, 16(3), 235-254.

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or John Bunch (jbunch@benedictine.edu). Ventures HO!