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Recurrent funding in entrepreneurship: an analysis of repeated events

Author

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  • Marcos Segantini

    (Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía)

  • Lori A. Dickes

    (Clemson University)

Abstract

There is extensive evidence of differential factors in accessing external capital for entrepreneurs. The effects of receiving monitored external funds on the survival probability of entrepreneurial projects have also been well-described by specialized literature. However, it has not yet been analyzed how entrepreneurs acquire different kinds of funds at different stages during the entrepreneurial process and their relationships with entrepreneurship success. This paper aims to fill these gaps by analyzing the relationship between a broad set of entrepreneurial tangible and intangible assets and their impact on receiving external funding several times during new ventures' gestation. Receiving external funding is a critical factor for entrepreneurial success. This article extends from the Matthew effect theory, explaining how initial advantages lead to further cumulative advantages in external funding access.

Suggested Citation

  • Marcos Segantini & Lori A. Dickes, 2020. "Recurrent funding in entrepreneurship: an analysis of repeated events," Documentos de Investigación 123, Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales.
    • Handle: RePEc:avs:wpaper:123
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    References listed on IDEAS

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    Keywords

    entrepreuneurship; external funding; event history.;
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