ENTREPRENEURIAL FIRMS AND FINANCING CHANNELS: INTERDEPENDENCE ELEMENTS

Abstract

In this paper we propose a novel perspective regarding the interdependence of certain elements, crucial in providing financial resources to entrepreneurial firms, using a variety of different financing channels. We use a theoretical approach to define a set of layers that can be used to determine the relevance of certain financing types, for companies with certain characteristics. These layers are represented by company development stage, field of activity, size, use of financing resources, orientation for long- or short-term financing, complexity of legal and administrative procedures and refundable or non-refundable nature of the financing. We discuss the perspectives of this analysis model for future empirical analyses that may contribute to its improvement.

Keywords

• funding
• companies
• financial resources