Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Fully revised and updated, this Advanced Introduction provides a comprehensive understanding of entrepreneurial finance of new and growing ventures. With a unique research-based focus, Hans Landstroem synthesizes contemporary knowledge and presents diverse theoretical approaches to explain financial decision-making in entrepreneurial ventures. New features include: An updated synthesis of knowledge on entrepreneurial finance, which highlights accumulated knowledge as well as new contributions in entrepreneurial finance research Emphasis on entrepreneurial finance from the perspective of both entrepreneurs as well as capital providers An elaboration of financial issues not only in high-tech and high growth ventures, but also in the financing of more 'everyday' ventures A consideration of the ways the financial landscape has changed, featuring analysis of the FinTech revolution, crowdfunding and initial coin offerings (ICOs). This second edition will serve as an excellent up-to-date resource for advanced students and scholars in entrepreneurship, innovation, finance, and business. Policy-makers interested in financial issues in young and growing ventures will also find this Advanced Introduction a useful tool for exploring financial decision-making from an entrepreneur's perspective.

Can you learn to be an entrepreneur in a week? The book focuses on short entrepreneurship education initiatives and includes eleven courses from European research-based universities. The book provides insights on best practice and lessons learned from experience for potential and current organizers of such initiatives. Entrepreneurship initiatives are a common response to top-down decisions to include entrepreneurship in all disciplines and study programs. There is often also a regional or societal goal for these activities. Different types of programme are analysed, from those aiming to instil an entrepreneurial mindset, those preparing the individual for an entrepreneurial career to those based on collaborations between universities. The authors make comparisons of the audiences, goals, organization and pedagogical approaches in each case to answer whether entrepreneurship can be taught in one week. By reading this book university managers, course designers and those delivering entrepreneurship initiatives will be able to make a more informed decision regarding if and how they should be organized. Contributors include: L. Aaboen, V.L. Ausrod, O. Belousova, A. Blesa, C. Cantu, S. Costa, S. Delanoe-Gueguen, A. Groen, J. Guldager, J. Heinonen, U. Hytti, P.P. Iglesias-Sanchez, A. Jacobsson, A. La Rocca, H. Landstroem, E.M. Laviolette, C.J. Maldonado, L. Martinez, G.-B. Neergard, A. Ouendag, M. Ripolles, C.A.F. Rosenstand, E. Simmons, R. Sorheim, P. Stenholm, C. Tollestrup

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Fully revised and updated, this Advanced Introduction provides a comprehensive understanding of entrepreneurial finance of new and growing ventures. With a unique research-based focus, Hans Landstroem synthesizes contemporary knowledge and presents diverse theoretical approaches to explain financial decision-making in entrepreneurial ventures. New features include: An updated synthesis of knowledge on entrepreneurial finance, which highlights accumulated knowledge as well as new contributions in entrepreneurial finance research Emphasis on entrepreneurial finance from the perspective of both entrepreneurs as well as capital providers An elaboration of financial issues not only in high-tech and high growth ventures, but also in the financing of more 'everyday' ventures A consideration of the ways the financial landscape has changed, featuring analysis of the FinTech revolution, crowdfunding and initial coin offerings (ICOs). This second edition will serve as an excellent up-to-date resource for advanced students and scholars in entrepreneurship, innovation, finance, and business. Policy-makers interested in financial issues in young and growing ventures will also find this Advanced Introduction a useful tool for exploring financial decision-making from an entrepreneur's perspective.

In recent years entrepreneurship has become one of the most popular fields of research in management studies. As the subject has broadened, increasing attention has been paid to the behavioural aspects of different practices to identify and pursue entrepreneurial opportunities. This timely book analyses three key strands of contemporary research into entrepreneurial behaviour: intention, education and orientation. It offers novel insights that can be applied to foster entrepreneurial activities in different settings. The chapters in the book are divided into three parts. The contributors first focus on the entrepreneur as an individual and offer three innovative yet complementary approaches to entrepreneurial intentions. They go on to consider how entrepreneurial behaviour can be trained and learned, providing a much-needed theoretical anchor to pedagogical approaches in entrepreneurship. Finally, they cover entrepreneurial behaviour at the organizational level. They expertly tackle the popular topic of entrepreneurial orientation through novel empirical studies with diverse methodologies and multiple levels of analysis. Researchers and advanced students in management and entrepreneurship will benefit from the state-of-the-art analysis and innovative approaches presented. Entrepreneurship educators and policymakers will also find this book to be stimulating reading, where they can find suggestions for an evidence-based practice. Contributors include: R.F. Belchior, A. Benedito de Oliveira Junior, R.C. Bernardes, A. Caetano, S.F. Costa, M.J. de Oliveira, A.J. Frederiks, A. Garofano, G. Hagg, I. Jaen, I. Kozlinska, F. Linan, T. Lynn, R. Lyons, C. Mac an Bhaird, T. Mets, R. Mohd, X. Neumeyer, D. Politis, A. Riviezzo, K. Roigas, S.C. Santos

The applied nature of the field of entrepreneurship means it is crucial for scholars and researchers to connect with practitioners to ensure that their work has an impact on real-world activity. This insightful book examines the need to bridge the gap between scientific rigour in entrepreneurship research and its practical relevance to external stakeholders, and demonstrates clearly how this can be achieved in practice. Featuring cutting-edge research, Rigour and Relevance in Entrepreneurship Research, Resources and Outcomes presents and evaluates current critical approaches in the field, analysing their theoretical value and their relevance to policy and practice. Chapters examine these approaches through the lens of specific issues and circumstances such as intrapreneurship, freelancing, crowdfunding, family firms and technology-based start-ups, providing a variety of perspectives and exemplifying how pragmatic questions can productively influence research agendas. This book's up-to-date analysis and practical insight will prove invaluable to scholars and researchers in entrepreneurship as well as other business and management academics. Students at all levels in these fields will also find it useful for considering future research.

Business angels are recognized as playing a key role in financing the start-up and early stages of new ventures. However, our knowledge of how business angels operate remains limited and highly fragmented. This Handbook provides a synthesis of research on business angels. It adopts an international perspective to reflect the spread of angel investing around the world. The increasing number of government initiatives to promote angel investing is also reflected in the book with an assessment of the most common support schemes. Adopting an international focus, the expert group of contributors examine business angels themselves; the evolution of the market; the various stages of the investment process and the role of public policy in influencing angel investment. They each conclude their chapters with an agenda for future research on business angels. Students and scholars of entrepreneurship, entrepreneurial finance, and related subjects will find this book to be an invaluable resource to their work.In particular, they will benefit from the research agendas that that concludes each chapter This Handbook will also be of interest to policy-makers and other practitioners looking to enhance their understanding of the design and need for such interventions. Contributors include: F.M. Amatucci, M. Atienza, S. Avdeitchikova, T. Botelho, C. Carpentier, V. Collewaert, L. Hornuf, H. Keinonen, T. Lahti, H. Landstroem, D. Lingelbach, M. Liu, C. Mason, A. Maxwell, D. Politis, G. Romani, W. Scheela, A. Schwienbacher, J.-M. Suret, R. Sorheim, Y. Tan, J. Wang

Business angels are recognized as playing a key role in financing the start-up and early stages of new ventures. However, our knowledge of how business angels operate remains limited and highly fragmented. This Handbook provides a synthesis of research on business angels. It adopts an international perspective to reflect the spread of angel investing around the world. The increasing number of government initiatives to promote angel investing is also reflected in the book with an assessment of the most common support schemes. Adopting an international focus, the expert group of contributors examine business angels themselves; the evolution of the market; the various stages of the investment process and the role of public policy in influencing angel investment. They each conclude their chapters with an agenda for future research on business angels. Students and scholars of entrepreneurship, entrepreneurial finance, and related subjects will find this book to be an invaluable resource to their work.In particular, they will benefit from the research agendas that that concludes each chapter This Handbook will also be of interest to policy-makers and other practitioners looking to enhance their understanding of the design and need for such interventions. Contributors include: F.M. Amatucci, M. Atienza, S. Avdeitchikova, T. Botelho, C. Carpentier, V. Collewaert, L. Hornuf, H. Keinonen, T. Lahti, H. Landstroem, D. Lingelbach, M. Liu, C. Mason, A. Maxwell, D. Politis, G. Romani, W. Scheela, A. Schwienbacher, J.-M. Suret, R. Sorheim, Y. Tan, J. Wang

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Hans Landstrom's book provides a comprehensive understanding of entrepreneurial finance from the entrepreneur and investor's perspectives. With a unique research-based focus, he synthesizes contemporary knowledge and presents diverse theoretical approaches to explain financial decision-making in entrepreneurial ventures. This Advanced Introduction analyzes the financial problems facing the diverse range of entrepreneurial projects taking into consideration the changing nature of entrepreneurial ventures today. In particular, this work focuses on the demand for finance and financial decisions taken by entrepreneurs in new and growing ventures. In addition, it includes a detailed discussion of the supply of capital from debt-capital providers, like banks and microfinance organizations, and equity-capital providers, such as crowd investors, business angels and venture capitalists. It concludes by considering the characteristics of financial markets for entrepreneurial finance, examining both financial gaps and public interventions. Key features include: a strong focus on the entrepreneur's perspective in entrepreneurial finance, yet also a discussion on the supply of capital for ventures from difference capital providers such as governments, banks, crowd investors, business angels and venture capitalists synthesized contemporary knowledge on entrepreneurial finance to provide a comprehensive, accessible understanding a starting point for entrepreneurship studies, with a focus on young and growing ventures. This is ideal for advanced students and scholars in entrepreneurship, innovation, finance and business. Policy-makers interested in financial issues in young and growing ventures will also find this Advanced Introduction a useful tool for exploring financial decision-making from an entrepreneur's perspective.

This research review includes classic works on the theoretical foundations of entrepreneurship research and provides important groundwork for future investigations. Professor Landstrom and Professor Lohrke have carefully selected the seminal, currently relevant and, in many cases, difficult-to-access studies within the field, covering the entrepreneurial processes of opportunity recognition, evaluation and exploitation. Reflecting the heavily interdisciplinary nature of the research, many of the papers have a basis in the spheres of economics, social sciences and strategic management.

This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global 'hotspots', this book also analyzes the current state of venture capital research and offers a roadmap for the future. Contributors: A. Avdeitchikova, G. Avnimelech, D. Cumming, D. De Clercq, D. Dimov, S. Harel, S.A. Johan, H. Landstrom, D. Lingelbach, H. Lu, C. Mason, A. Parhankangas, J. Sohl, R. Sorheim, Y. Tan

Can you learn to be an entrepreneur in a week? The book focuses on short entrepreneurship education initiatives and includes eleven courses from European research-based universities. The book provides insights on best practice and lessons learned from experience for potential and current organizers of such initiatives. Entrepreneurship initiatives are a common response to top-down decisions to include entrepreneurship in all disciplines and study programs. There is often also a regional or societal goal for these activities. Different types of programme are analysed, from those aiming to instil an entrepreneurial mindset, those preparing the individual for an entrepreneurial career to those based on collaborations between universities. The authors make comparisons of the audiences, goals, organization and pedagogical approaches in each case to answer whether entrepreneurship can be taught in one week. By reading this book university managers, course designers and those delivering entrepreneurship initiatives will be able to make a more informed decision regarding if and how they should be organized. Contributors include: L. Aaboen, V.L. Ausrod, O. Belousova, A. Blesa, C. Cantu, S. Costa, S. Delanoe-Gueguen, A. Groen, J. Guldager, J. Heinonen, U. Hytti, P.P. Iglesias-Sanchez, A. Jacobsson, A. La Rocca, H. Landstroem, E.M. Laviolette, C.J. Maldonado, L. Martinez, G.-B. Neergard, A. Ouendag, M. Ripolles, C.A.F. Rosenstand, E. Simmons, R. Sorheim, P. Stenholm, C. Tollestrup

'A major contribution to historical research in entrepreneurship. History is a vital link to our understanding of this critical activity, a link that is no longer missing. It is arguable that history provides us the richest body of information that will enable us to understand what the entrepreneurs can contribute to social welfare and what is lost from misdirection of their efforts. This book provides an abundance of such important insights.' - William J. Baumol, New York University and Princeton University This book historicizes entrepreneurship research, its primary thesis being 'history matters'. Expert contributors discuss the field's long history and explore whether it has developed a mature and comprehensive knowledge base. The intellectual roots of several important theories are then examined in depth because, as entrepreneurship research has become more theory driven, and scholars have borrowed theories from many different fields, it becomes increasingly important to understand their origin. Finally, the book demonstrates how economic history research (for example, the historical and institutional context of entrepreneurial behaviour) can contribute to our understanding of entrepreneurship. Providing a broad overview of myriad theories and both their development and utilization in extant entrepreneurship research, this book will prove a fascinating and illuminating read for students, researchers and academics in the field of entrepreneurship.

This Handbook charts the development of venture capital research in light of the global financial crisis, starting with an analysis of the current venture capital market and the changing nature of the business angel market. Looking at governance structures, the performance of venture capitalists in terms of investments, economic impact and human capital, and the geographical organization of business angels and venture capital global 'hotspots', this book also analyzes the current state of venture capital research and offers a roadmap for the future. Contributors: A. Avdeitchikova, G. Avnimelech, D. Cumming, D. De Clercq, D. Dimov, S. Harel, S.A. Johan, H. Landstrom, D. Lingelbach, H. Lu, C. Mason, A. Parhankangas, J. Sohl, R. Sorheim, Y. Tan

The digitalization revolution has significantly altered conditions for financing new and small firms. Crowdfunding is at the forefront of this movement. While research in this area has increased significantly, it is heavily fragmented. Reflecting on this, the Handbook of Research on Crowdfunding reviews and synthesizes current knowledge on crowdfunding finance and provides an agenda for further research. This Handbook covers the role of crowdfunding and the platforms used, as well as discussing the characteristics of crowdfunders themselves and the businesses that seek finance from the 'crowd'. It also investigates the process once crowdfunding is complete, and how it is used by non-profit, social and creative ventures as well as for-profit businesses. Potential negative aspects are also discussed, including inequality, risk, fraud and regulation. Finally, the future of crowdfunding, including new finance models, is outlined. Bringing together a wealth of previously fragmented knowledge, this Handbook is a key reference for all entrepreneurial finance researchers as well as those interested in the effects of crowdfunding more generally across entrepreneurship, innovation, management and economics.

'A major contribution to historical research in entrepreneurship. History is a vital link to our understanding of this critical activity, a link that is no longer missing. It is arguable that history provides us the richest body of information that will enable us to understand what the entrepreneurs can contribute to social welfare and what is lost from misdirection of their efforts. This book provides an abundance of such important insights.' - William J. Baumol, New York University and Princeton University This book historicizes entrepreneurship research, its primary thesis being 'history matters'. Expert contributors discuss the field's long history and explore whether it has developed a mature and comprehensive knowledge base. The intellectual roots of several important theories are then examined in depth because, as entrepreneurship research has become more theory driven, and scholars have borrowed theories from many different fields, it becomes increasingly important to understand their origin. Finally, the book demonstrates how economic history research (for example, the historical and institutional context of entrepreneurial behaviour) can contribute to our understanding of entrepreneurship. Providing a broad overview of myriad theories and both their development and utilization in extant entrepreneurship research, this book will prove a fascinating and illuminating read for students, researchers and academics in the field of entrepreneurship.

This Handbook provides an excellent overview of our knowledge on the various facets of managerial venture capital research. The book opens with a thorough survey of venture capital as a research field; conceptual, theoretical and geographic aspects are explored, and its pioneers revisited. The focus then shifts to the specific environs of venture capital. Firstly, institutional (formal) venture capital is discussed. The analysis encompasses considerations such as structure, pre-investment processes, venture capitalist's value-adding, performance, impact on economic development and early-stage financing as well as management buyouts. Business angel research, networks, and their investment decision making are then discussed under the wider umbrella of informal venture capital. Finally, the corporate venture capital market is explored from both the entrepreneur's perspective and that of the supply side of corporate venture capital. Also providing a lively and stimulating debate on policy implications and possible directions for future venture capital research, this all-encompassing Handbook will prove an invaluable reference tool for those with an interest in policy, business management, innovation, entrepreneurship, and the financing of new and growth-oriented ventures.

This Handbook provides an excellent overview of our knowledge on the various facets of managerial venture capital research. The book opens with a thorough survey of venture capital as a research field; conceptual, theoretical and geographic aspects are explored, and its pioneers revisited. The focus then shifts to the specific environs of venture capital. Firstly, institutional (formal) venture capital is discussed. The analysis encompasses considerations such as structure, pre-investment processes, venture capitalist's value-adding, performance, impact on economic development and early-stage financing as well as management buyouts. Business angel research, networks, and their investment decision making are then discussed under the wider umbrella of informal venture capital. Finally, the corporate venture capital market is explored from both the entrepreneur's perspective and that of the supply side of corporate venture capital. Also providing a lively and stimulating debate on policy implications and possible directions for future venture capital research, this all-encompassing Handbook will prove an invaluable reference tool for those with an interest in policy, business management, innovation, entrepreneurship, and the financing of new and growth-oriented ventures.

This book provides an invaluable, state-of-the-art overview of current European research in the field of entrepreneurship. It focuses on four themes, each of which illustrates a key dimension in the overall theme: * entrepreneurs and their role in entrepreneurship * entrepreneurship in family businesses * performance of new ventures and * entrepreneurial processes. Entrepreneurship, Sustainable Growth and Performance is written from various perspectives by eminent academics with different methodological approaches. It is an invaluable resource for researchers, scholars and students as well as consultants and policymakers with an interest in entrepreneurship and small businesses.

This book draws together leading academics to provide a state-of-the-art overview of the key challenges to entrepreneurship in Europe. Relationships between entrepreneurship, competitiveness and local development are assessed from various perspectives, and the important role played by entrepreneurs and small firms in fostering economic development in emerging as well as in developed countries is explored. Topics included within these parameters are venture capital, start-ups, entry barriers, the role of gender, refugee entrepreneurship and technological entrepreneurship. Researchers and scholars focusing on the areas of entrepreneurship and small business management will find much to interest them within this book, as will policy-makers involved in the promotion and support of local development and entrepreneurship.

This state-of-the-art book provides a window on contemporary European entrepreneurship and small business research. The papers selected demonstrate the applied nature of entrepreneurship research as well as the various contributions that entrepreneurship can make to local, regional and national development. Written by international experts, the book reveals the heterogeneity of entrepreneurship in terms of substantive content and the methodologies employed. With both quantitative and qualitative approaches well represented, Entrepreneurship and Growth in Local, Regional and National Economies covers topics such as regional perspectives on entrepreneurship, new venture creation and growth, business exits, knowledge-based entrepreneurship and social inclusion. Furnishing the reader with rich and leading entrepreneurship research, this book will be invaluable for entrepreneurship and small business researchers as well as postgraduate and advanced undergraduate students of entrepreneurship. Policy makers will also find much of great interest to them.

The Evolution of Entrepreneurship as a Scholarly Field examines the development of entrepreneurship as a research field by describing the modern history of entrepreneurship as a scholarly field since World War II and synthesizing the development of the field in terms of the institutionalization of entrepreneurship in the academic system. This monograph takes a broader perspective, not only focusing on the intellectual development of the field but also elaborating on the social aspects of the development of entrepreneurship research. Finally, the main conclusion is that over time, entrepreneurship research has gained academic legitimacy and become more institutionalized in the academic system.