21 Pages Posted: 20 Aug 2009 Last revised: 13 Jan 2015
Date Written: August 11, 2009
Financing constraints are one of the biggest concerns impacting potential entrepreneurs around the world. Given the important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints for would-be entrepreneurs is also an important goal for policymakers worldwide. We review two major streams of research examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified perspective on these research streams, thereby highlighting some important areas for future research and policy analysis in entrepreneurial finance.
Suggested Citation: Suggested Citation
Kerr, William R. and Nanda, Ramana, Financing Constraints and Entrepreneurship (August 11, 2009). Harvard Business School Entrepreneurial Management Working Paper No. 10-013. Available at SSRN: https://ssrn.com/abstract=1447503 or http://dx.doi.org/10.2139/ssrn.1447503