The Capital Structure Decisions of New Firms

By Alicia Robb, David Robinson. 2010

885 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/582476b7021eb42c63efd4b99cc2c1c45b7f3c6d

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Citations in the corpus

Financing from Family and Friends (2016, neutral): “Robb and Robinson (2012) document that, in their Kauffman Firm Survey data, family equity is very rare, and much more so than family debt, but, when used, often turns out to be an important source of finance for the firm in question.”
Signaling in Equity Crowdfunding (2015, neutral): “Human capital is important to experienced investors that conduct significant due diligence or investors that require collateral and other guarantees, such as VC investors, business angels, and banks (Robb & Robinson, 2014).”
Crowdfunding for renewable and sustainable energy projects: An exploratory case study approach (2016, background): “Yet, from a sample of 5,000 startup firms, it was found that heavy reliance was put on external debt rather than friends and family-based sources [18].”
Can You Gig It? An Empirical Examination of the Gig Economy and Entrepreneurial Activity (2018, neutral): “less than 1% of new firms receive capital (Robb and Robinson 2012), and in even further contrast to”
The differential impact of leverage on the default risk of small and large firms (2020, background): “Some companies may use trade credit to spur growth (Ferrando and Mulier, 2013), especially during the first years of a firm’s life (Robb and Robinson, 2012).”
Patent collateral, investor commitment, and the market for venture lending (2018, neutral): “Robb and Robinson (2014) document, through a survey of companies founded in 2004, that debt is a more common form of financing for growth-oriented startups than previously thought.”
Housing Collateral and Entrepreneurship (2013, neutral): “Robb and Robinson (2013) document that debt is a large source of financing for start-ups (approximately 44%) and that its availability is related to the scarcity —and therefore the value— of real estate collateral.”
A Darker Side to Decentralized Banks: Market Power and Credit Rationing in SME Lending (2012, background): “In addition to their ability to engage in relationship banking (Petersen and Rajan, 1994; Berger and Udell, 1995), their decentralized lending structure gives them an important advantage when lending to small firms.”
Does financing spur small business productivity? Evidence from a natural experiment (2015, neutral): “This is crucial from a policy perspective if the objective is to promote the growth of startups especially given that most young firms rely heavily on bank financing (Robb and Robinson (2013)).”
Entrepreneurial finance: new frontiers of research and practice (2017, neutral): “For instance, in the Kauffman Firm Survey, which includes 4928 U.S. firms founded in 2004, only 26 new firms attracted VC funding and 110 new firms attracted financing from informal investors (Robb and Robinson 2014).”