This paper examines the capital structure of 117 new technology-based firms in the Irish software sector. In apparent contradiction to the pecking order hypothesis (POH), most external finance is private equity, and debt ...
We address the venture capital financing issue from the firm's perspective. Using
survey data for 110 new technology-based firms (NTBFs) in the Irish software sector, we assess
the extent to which five human capital and ...
Using a sample of 117 Irish software companies, we examine the capital structure of new technology-based firms. Consistent with the findings on financing for other small businesses, internal funds are the most important ...