Abstract
This paper attempts to extend the Certification Paradigm--mainly used in the literature as an explanation for IPO underpricings--to provide guidelines to entrepreneurs in their efforts to secure funding for new ventures. After extending the model to cases of pre-venture-capital start-up firms, along with the practical implications that would follow, efforts are made to derive some testable hypotheses for further research on the topic.
JEL Codes
G32, G24, M13, L25
Keywords
Capital , Entrepreneur , Financing , IPO , Venture Capital
Recommended Citation
Yazdipour, Rassoul
(2001)
"Venture Financing and Role of Certification: A Theoretical Perspective,"
The Journal of Entrepreneurial Finance:
Vol. 6:
Iss.
1, pp. 156-160.
DOI: https://doi.org/10.57229/2373-1761.1206
Available at:
https://digitalcommons.pepperdine.edu/jef/vol6/iss1/10
