Family finance and new business start-ups

被引:36
作者
Basu, A [1 ]
Parker, SC
机构
[1] Univ Reading, Dept Econ, Reading RG6 2AH, Berks, England
[2] Univ Durham, Dept Econ & Finance, Durham, England
关键词
D O I
10.1111/1468-0084.00224
中图分类号
F [经济];
学科分类号
02 ;
摘要
After bank finance, borrowing from family and friends is the chief source of funds for new business start-ups in many countries, including the UK. Yet there has been virtually no treatment of this issue in the literature to date. We rectify this omission by developing a model of lending behaviour in which family members may have selfish or altruistic motives. We identify the key determinants of family lending using a unique data on Asian entrepreneurs in Britain.
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页码:333 / 358
页数:26
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