FINANCING STRUCTURE OF PORTUGUESE START-UPs
Download This Article
Liliana Raquel R. Silva 
, Luís M. P. Gomes
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract
The context where the companies operate has become more challenging given the binomial competitiveness and financial crisis. Market imbalances are an opportunity to explore creative solutions that characterize Start-Ups’ profiles. However, its innovative character carries risks that determine major funding difficulties. This way this article aims to investigate the influence of a set of variables in the composition of the financial structure of Portuguese Start-Ups. The methodology used is based on a cross-sectional data, integrating multivariate regressions (Logit, Tobit, and OLS), enriched by panel data analysis. The results show that company’s size, assets structure and legal form are statistically relevant.
Keywords: Start-Up, Innovation, Financing Forms, Crossection Data, Panel Data, Multivariate Models
Received: 08.08.2017
Accepted: 19.09.2017
How to cite this paper: Silva, L.R., & Gomes, L.M. (2017). Financing structure of portuguese start-ups. Risk Governance and Control: Financial Markets & Institutions, 7(4-1), 135-147. https://doi.org/10.22495/rgc7i4c1art5
