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Entrepreneurial Behavior and Financing Structures in the German Creative Industries

In: Entrepreneurship in Culture and Creative Industries

Author

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  • Elmar D. Konrad

    (Hochschule Mainz, Institut für unternehmerisches Handeln)

Abstract

In Germany, the cultural and creative industries belong to the highest start-up and self-employment orientated sectors and are currently strongly characterized by new market entrants. The object of the chapter is to give a very detailed overview of finance behavior and financing structures of start-ups, in particular of young growth-oriented and established firms in creative industries, based on a very high sampled empirical data study in Germany. By linking the applied research areas of cultural entrepreneurship and start-up financing, it should also provide an understanding of entrepreneurial success in terms of individualized financing structure and its critical factors. Furthermore, in this context, an extended base model can be developed to substantiate theoretical frameworks for the identification and evaluation of factors supporting the success of the financial structures of start-ups within the cultural and creative industries. The discussion of the results will be integrated into concrete implications and recommendations for activities or guidelines for cultural entrepreneurs and financing actors and for a regulatory policy to promote the cultural and creative industry sector.

Suggested Citation

  • Elmar D. Konrad, 2018. "Entrepreneurial Behavior and Financing Structures in the German Creative Industries," FGF Studies in Small Business and Entrepreneurship, in: Elisa Innerhofer & Harald Pechlaner & Elena Borin (ed.), Entrepreneurship in Culture and Creative Industries, pages 25-43, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-319-65506-2_3
    DOI: 10.1007/978-3-319-65506-2_3
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    Cited by:

    1. Fang, Xing, 2022. "Why we hide good deeds? The selfless and anonymous donation behavior in crowdfunding," Technology in Society, Elsevier, vol. 71(C).

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