Search results for "start-up"
showing 10 items of 63 documents
Entrepreneurs (novices vs. experts) and investors: Interaction and rationality dynamics (effectual vs. causal)
2019
The paper studies the mechanisms that govern the interactions between the entrepreneur (novice or expert) and the specific investors of emerging firms (business angels (BAs) and venture-capital firms (VCs)). Combining both literatures on entrepreneurship and entrepreneurial finance, our aim is to understand if the rationalities of these three actors help them or not to interact, and, to study how they influence each other during the firm's growth. In order to do so, we undertake two processual case studies. Our results show that effectual rationality underlines the interaction between the entrepreneur and the BAs at the creation of the firm, whilst causal rationality is helpful in the searc…
Econometric studies of public support to entrepreneurship
2011
How to Ensure the Development of SMEs in Post-Pandemic Economy? A Start-ups Case Study
2023
Abstract After the humanitarian crisis, caused by COVID-19, enterprises have to face a post-pandemic economic crisis. As small and medium-sized enterprises (SMEs) constitute 99% of EU enterprises and create every third workplace (European Parliament, 2021), it is important to monitor their situation not only to survive but also to develop and build strong economies in the future. The aim of this research is to investigate development trends and opportunities in (SMEs’) development, with a special focus on start-ups (STPS) as representative of these. Also, special attention is paid to the concept of sustainable development (SD), which fulfils the UN 2030 Agenda for Sustainable Development Go…
The incubation process for the creation of viable firms: the case of ARCA Consortium
2015
The aim of this study is to demonstrate that academic incubators play a key role in firm viability. This study develops a new analytic systemic framework that reveals the processes and factors that determine the effectiveness of the incubation process supported by university incubators. We analyse the effectiveness of the incubation process in the incubator of the ARCA Consortium by means of a single case study with an embedded design. In this study, adopting a systemic perspective, we shift the focus from the firm to the context, shedding light on the systemic actions that create the prerequisite conditions for the achievement of the firms’ viability.
Entrepreneurs (novices vs. experts) and investors: Interaction and rationality dynamics (effectual vs. causal)
2019
The paper studies the mechanisms that govern the interactions between the entrepreneur (novice or expert) and the specific investors of emerging firms (business angels (BAs) and venture-capital firms (VCs)). Combining both literatures on entrepreneurship and entrepreneurial finance, our aim is to understand if the rationalities of these three actors help them or not to interact, and, to study how they influence each other during the firm's growth. In order to do so, we undertake two processual case studies. Our results show that effectual rationality underlines the interaction between the entrepreneur and the BAs at the creation of the firm, whilst causal rationality is helpful in the searc…
Le start-up e PMI ‘innovative’ e la loro rilevanza nella ‘Green Economy’ e nella ‘Circular Economy’: proposta per uno statuto fiscale
2022
Il contributo, muovendo dal quadro normativo e definitorio delle start-up e pmi innovative, dall'analisi dell'attuale disciplina fiscale e dalla constatazione della rilevanza che le start-up green hanno nel PNRR, elabora una sorta di statuto-fiscale per tali tipologie di imprese, identificando sei proposte normative: estendere le agevolazioni al settore “green” in linea con le previsioni del PNRR; graduare le agevolazioni fiscali in ragione della fase di sviluppo dell’azienda che riceve l’investimento (e della sua natura di impresa “green”) e consentire una maggiore deducibilità delle perdite della start-up; razionalizzare l’attuale quadro normativo delle agevolazioni fiscali per start-up e…
Min-Type Control Strategy of a DC-DC Synchronous Boost Converter
2019
International audience; This paper presents the analysis and design of a min-type strategy to control a synchronous boost converter in continuous conduction mode. The strategy uses a nonlinear switching surface to establish the change of topology in the converter and is analyzed by means of a sliding-mode control approach. Subsequently, the min-type strategy is modified by a hybrid control formulation, which introduces a hysteresis width and a dwell-time to obtain a finite switching frequency in the start-up and steady-state respectively. The hybrid control formulation is implemented digitally by means of a microprocessor which processes the samples of inductor current and capacitor voltage…
Real options analysis as a tool for start-up company investment valuation
2015
Pro Gradu -tutkielman tavoitteena oli tutkia Real Option Analysis -metodin sopivuutta start-up yhtiön investoinnin arvonmääritykseen. Jotta tutkimuskysymykseen saatiin vastaus, tuli myös case-yhtiön liiketoimintasuunnitelma selvittää ja edelleen mitkä ovat liiketoiminnan potentiaaliset rahavirrat, joihin arvonmääritys perustuu. Tutkimusmenetelmä oli kvantitatiivinen case-tutkimus ja tutkimusmetodi oli konstruktiivinen ja deskriptiivinen. Tutkimuksessa konstruoitiin työkalu ja arvonmääritys case-yrityksen suunnitellulle investoinnille. Toisaalta tutkimuksessa kuvailtiin arvonmääritystä yleisesti sekä Real Options Analysis -metodia. Tutkimuksen pohjaksi tutustuttiin start-up yhtiöihin, arvonm…
Reasoning of using causation and effectuation logic : implications on start-up performance and internationalization
2018
New start-up companies are the basis for expansive companies. Expansive companies are extremely important for employment and for business growth. For this reason, it is important to know the processes how start-up companies are built up. In this research, the relations between prior entrepreneurial experience, prior international experience, effectuation and causation, financial performance and degree of internationalization were studied among the Finnish knowledge intensive business services (KIBS) start-up companies. The research utilized mixed methods and comprised of two parts, qualitative and quantitative parts. The former part included setting the research propositions based on the li…