To fulfill their growth aspirations, entrepreneurial ventures depend on shortterm, liquid sources of debt financing such as bank loans. However, because of the twin problems of information asymmetry and moral hazard, banks make their lending decisions by considering the venture’s creditworthiness score provided by private information exchanges. Using theoretical arguments grounded in venture fi...

New knowledge-based enterprises have several characteristics that limit their options for obtaining financing from external sources: they have little or no collateral, their assets tend to be intangible, and the value of their innovations is hard to calculate. For these reasons, entrepreneurs in the more knowledge-intensive fields tend to rely largely on equity financing. This is a more “patien...

Options for health financing reform are often portrayed as a choice between general taxation (known as the Beveridge model) and social health insurance (known as the Bismarck model). Ten years of health financing reform in Kyrgyzstan, since the introduction of its compulsory health insurance fund in 1997, provide an excellent example of why it is wrong to reduce health financing policy to a cho...

the study examined the sources of informal finance in aiding climate change adaptation in south eastern nigeria. random sampling was adopted in the selection of 6 out of the 9 communities in the study area. from each of these selected communities, 10 crop farmers were randomly selected giving a total number of 60 respondents. descriptive statistics such as percentages and frequency, as well as ...