TY  - CHAP
AB  - Despite their increasing importance in innovation, employment creation and economic growth, there is a dearth of theory-driven research on the financing and capital structure of new technology-based firms (NTBFs).1Hogan and Hutson (2005a) advance the High-Technology Pecking Order Hypothesis (HTPOH) to explain the role of equity in the financing of NTBFs in the software product sector. The HTPOH posits that NTBFs exhibit a hierarchical pattern of financing that gives precedence to internal sources, but if external financing is required, equity is preferred to debt. This study investigates the extent to which the genesis of the NTBF affects its financing patterns?
VL  - 6
SN  - 978-0-0805-5448-8, 978-1-84950-544-4/1876-0228
DO  - 10.1016/S1876-0228(08)06011-0
UR  - https://doi.org/10.1016/S1876-0228(08)06011-0
AU  - Hogan Teresa
AU  - Hutson Elaine
ED  - Aard Groen
ED  - Peter Van Der Sijde
ED  - Ray Oakey
ED  - Gary Cook
PY  - 2008
Y1  - 2008/01/01
TI  - Chapter 11 The High-Technology Pecking Order in Spinoffs and Non-SpinoffsTeresa Hogan and Elaine HutsonThe High-Technology Pecking Order in Spinoffs and Non-Spinoffs in the Irish Software Sector
T2  - New Technology-Based Firms in the New Millennium
T3  - New Technology Based Firms in the New Millennium
PB  - Emerald Group Publishing Limited
SP  - 163
EP  - 184
Y2  - 2024/04/27
ER  -