What Is the impact of informal entrepreneurship on venture capital flows?

dc.contributor.authorSantos, Eunice
dc.contributor.authorFernandes, Cristina I.
dc.contributor.authorFerreira, João J. M.
dc.contributor.authorLobo, Carla Azevedo
dc.date.accessioned2021-01-25T18:40:13Z
dc.date.available2021-01-25T18:40:13Z
dc.date.issued2020-11-23
dc.description.abstractThere has been a diverse range of research on the factors enabling informal entrepreneurship as well as the means to avoid or to eradicate its incidence. Several researchers argued that venture capital and financial flows, in general, contribute to economic growth and development. There have also been observations of how the investor level of trust in institutions facilitates investment decisions. This trust comes into play at the level of informal entrepreneurship and the ability of governments to control this type of entrepreneurship. Given that a great deal of research on this subject focuses its analysis on developing countries, we have chosen to investigate the reality of European countries precisely because of the scarcity of studies on the effect of informal entrepreneurship in this context. Our research aims to assess how informal entrepreneurship effects on venture capital flows. We use aggregated data at country level collected from a variety of sources, including the World Bank, Organization for Cooperation and Development and World Economic Forum, between 2006 and 2015 and 23 countries in Europe, corresponding to 230 observations (panel no. balanced). Through econometric estimation, which took place according to methodologies based on multiple regression models for panel data, the results demonstrate how informal entrepreneurship has a negative moderating effect between GDP and venture cUKapital flows. We intend to contribute to a better understanding of the effect of informal entrepreneurship on the flows of venture capital.pt_PT
dc.identifier.citationSantos, E., Fernandes, C. I., Ferreira, J. J., & Lobo, C. A. (2020). What Is the impact of informal entrepreneurship on venture capital flows? Journal of the Knowledge Economy. doi 10.1007/s13132-020-00701-w. Disponível no Repositório da UPT, http://hdl.handle.net/11328/3349pt_PT
dc.identifier.doi10.1007/s13132-020-00701-wpt_PT
dc.identifier.issn1868-7865 (print)
dc.identifier.issn1868-7873 (electronic)
dc.identifier.urihttp://hdl.handle.net/11328/3349
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSpringerpt_PT
dc.relation.publisherversionhttps://doi.org/10.1007/s13132-020-00701-wpt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectInformal entrepreneurshippt_PT
dc.subjectVenture capitalpt_PT
dc.subjectEconomic developmentpt_PT
dc.titleWhat Is the impact of informal entrepreneurship on venture capital flows?pt_PT
dc.typejournal articlept_PT
degois.publication.titleJournal of the Knowledge Economypt_PT
dspace.entity.typePublicationen
person.familyNameLobo
person.givenNameCarla Azevedo
person.identifier.ciencia-id2E1D-CA98-5832
person.identifier.orcid0000-0002-6721-376X
person.identifier.rid43544551
person.identifier.scopus-author-id57210261298
relation.isAuthorOfPublication931348d5-f6cb-4154-9d25-51231eec0d06
relation.isAuthorOfPublication.latestForDiscovery931348d5-f6cb-4154-9d25-51231eec0d06

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