Conservation Area Start-Ups: Combining Theory And Practice
AbstractBusiness start-ups by indigenous people in wildlife conservation areas are prone to failure. Funding issues have been identified as a contributing cause of the disappointing results. A great deal has been written about capital structure both in the start-up literature and the corporate literature, but the applicability of this research to small, indigenous start-ups in and around conservation areas is lacking. Although current practice dictates a reliance on equity, we apply the relevant corporate and start-up research to the conservation area context in an attempt to better understand the capital funding question. The results argue that equity funding is appropriate in the early stages for control and liquidity reasons. However, it also shows that greater attention could be paid to some degree of early debt financing to create debt discipline and later debt funding for motivational and financial discipline purposes.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Developmental Entrepreneurship.
Volume (Year): 15 (2010)
Issue (Month): 01 ()
Contact details of provider:
Web page: http://www.worldscinet.com/jde/jde.shtml
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).
If references are entirely missing, you can add them using this form.