The complexity of finances and access to financial markets is one the main challenges facing an entrepreneur. However, not many studies examine effect skills on entrepreneurial intentions. Our research describes venture intentions, considering motivations, contextual factors personal traits in different clusters, based strong sense self-efficacy levels literacy numeracy skills. Results demonstr...

This paper examines the interaction between venture risk, product market competition and entrepreneurs’ choice between bank …nancing and venture capital (VC) …nancing. Under bank …nancing, a debt-type contract emerges as optimal, which allows the entrepreneur to retain full control of the venture and thus yields strong e¤ort incentives, as long as she can service the debt repayment; but leads t...