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Funding Innovation, Development and Restructuring: A Study of a Czech Engineering Manufacturer

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  • JINDRICHOVSKA, Irena

Abstract

Successful and mature corporations can alter their financial structure and optimize their debt asset ratio according to their needs. This is not, however, so easy for companies in the start-up phase, when entrepreneurs have to rely almost ultimately on equity funding. This paper concentrates on the early stage of corporations development and on its sources of funding from venture capital. As an illustration it presents a history of funding and further development of medium sized Czech company.

Suggested Citation

  • JINDRICHOVSKA, Irena, 2011. "Funding Innovation, Development and Restructuring: A Study of a Czech Engineering Manufacturer," Romanian Distribution Committee Magazine, Romanian Distribution Committee, vol. 2(1), pages 19-22, June.
    • Handle: RePEc:rdc:journl:v:2:y:2011:i:1:p:19-22
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    References listed on IDEAS

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    4. Stewart C. Myers, 1984. "Capital Structure Puzzle," NBER Working Papers 1393, National Bureau of Economic Research, Inc.
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    6. DeAngelo, Harry & Masulis, Ronald W., 1980. "Optimal capital structure under corporate and personal taxation," Journal of Financial Economics, Elsevier, vol. 8(1), pages 3-29, March.
    7. Laura Bottazzi & Marco Da Rin, 2002. "Venture capital in Europe and the financing of innovative companies [‘Robust financial contracting and the role of venture capitalists’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 17(34), pages 229-270.
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    More about this item

    Keywords

    innovations; venture capital; capital structure;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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