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External finance is a central issue for innovative nascent ventures.
Firms that issue convertible debt have high debt- and equity-related costs of external finance.
But they will also want more external finance to grow, not just survive.
"Bootstrapping" Accessing external finance is likely to become more difficult in the current economic climate.
If external finance is not available, it must run down its reserves.
The gap called the external finance premium depends on the strength of a borrower's finances.
What we should be looking at is simply the amount of external finance we're relying on.
The country would still need external finance, but who would lend to it?
Both forms of external finance are subject to country-specific frictions.
But while 35% said they were more likely to use external finance than they were two years ago 65% disagreed.
Second, entrepreneurs seeking external finance are 19% more likely to commit their vision to paper than those not seeking finance.
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