Professionalization and debt financing of new ventures : evidence from the United States
Small businesses significantly rely on debt financing. However, it is challenging for them to convince the lenders on their creditworthiness because of the agency problems rooted in information asymmetry. Professionalization, as one of the signal devices, may carry positive information about a small...
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| Format: | Others |
| Language: | en |
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University of Saskatchewan
2010
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| Online Access: | http://library.usask.ca/theses/available/etd-05282010-174157/ |