2 options
Human capital and startup financing / Mauricio Da Silva Medeiros Junior.
- Format:
- Book
- Thesis/Dissertation
- Author/Creator:
- Da Silva Medeiros, Mauricio, Junior, author.
- Language:
- English
- Subjects (All):
- Finance.
- Business administration.
- Finance--Penn dissertations.
- Penn dissertations--Finance.
- Local Subjects:
- Finance.
- Business administration.
- Finance--Penn dissertations.
- Penn dissertations--Finance.
- Genre:
- Academic theses.
- Physical Description:
- 1 online resource (55 pages)
- Contained In:
- Dissertations Abstracts International 83-03A.
- Place of Publication:
- [Philadelphia, Pennsylvania] : University of Pennsylvania ; Ann Arbor : ProQuest Dissertations & Theses, 2021.
- Language Note:
- English
- System Details:
- Mode of access: World Wide Web.
- text file
- Summary:
- We establish the relevance of human capital to startup financing. Using administrative databases from the Central Bank of Brazil, we obtain information on private firms, their founders and their access to bank credit. Our empirical strategy is based on the premature death of founders, which allows us to identify how losing founders' human capital affects startup financing. The results show that once a founder dies unexpectedly, there is a decrease in the amount of credit and an increase in interest rates and default rates. These findings are mainly driven by the death of founders who are also managers in the firm, which is consistent with the theory of founders contributing critical resources to their firms.
- Notes:
- Source: Dissertations Abstracts International, Volume: 83-03, Section: A.
- Advisors: Taylor, Lucian A.; Committee members: Gilje, Erik; Catherine, Sylvain.
- Department: Finance.
- Ph.D. University of Pennsylvania 2021.
- Local Notes:
- School code: 0175
- ISBN:
- 9798535593470
- Access Restriction:
- Restricted for use by site license.
- This item must not be sold to any third party vendors.
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