The existence of adequate financial capital at start-up as well as during the lifetime of a firm is considered to be vital not only for its survival but also for its effective trading and growth, as it can act as a buffer against unforeseen difficulties (Cooper, Gimeno-Gascon, & Woo, 1994; Chandler & Hanks, 1998; Venkataraman & Van de Ven, 1998; Cassar, 2004). Inadequate or inappropriate capital structure is often the most common reason for a large proportion of small business failures (Chaganti, DeCarolis, & Deeds, 1995).
|Title of host publication||New technology-based firms in the new millennium|
|Editors||Ray Oakey, Aard Groen, Gary Cook, Peter van der Sijde|
|Place of Publication||Bingley (UK)|
|Number of pages||20|
|Publication status||Published - 2010|
|Name||New Technology-Based Firms in the New Millennium |