Overview
- Identifies specific ways in which skills contribute to corporate performance
- Offers insights on estimating and measuring competence value
- Explores the return-to-risk profile of investing
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About this book
This Palgrave Pivot examines the essence of competence value in corporate and small business finance, offering empirical evidence to better understand financial practices within entrepreneurial settings. Mantovani suggests an innovative methodology to detect the financial value of entrepreneurial capabilities. He shows how the concept of competence value and T-ratio, its measurement tool, are necessary to arrange sound entrepreneurial finance deals. This book opens with an analysis of how entrepreneurial skills contribute to the economics of entrepreneurial business, and then provides a financial background to estimate the competence value even when the financial markets fail to do so. The book goes on to introduce the idea of an entrepreneurial life-cycle made of stages based on the transformation of human skills into competitive hallmarks. Applications across a large sample of companies and Mantovani's concluding suggestions about the financial practice make this bookessential to both academics and executives.
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Keywords
- entrepreneurial business
- skill accumulation
- endogenous risk
- skills as a productive factor
- behavioral risk
- seed stage
- pullulating stage
- completing stage
- risk tolerance
- confident equivalent
- q-ratio
- incomplete financial markets
- Performance persistence
- persistence of performance
- return threshold
- competition
- competitive
- market shortfall
- debt and equity financing
- debt maturity
Table of contents (7 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Guido M. Mantovani is Professor of Corporate Finance at Ca' Foscari University's Treviso and Venice campuses in Italy, and President of the HERMES Universities network in Strasbourg, France. He has published in Italy and internationally on topics of contingent-claim finance, corporate risk management, and information risks. More recently, his research efforts have focused on entrepreneurial finance, the financial valuation of human capital, and the integrated rating of small and medium enterprises.
Bibliographic Information
Book Title: The Financial Value of Entrepreneurship
Book Subtitle: Using Applied Research to Quantify Entrepreneurial Competence
Authors: Guido M. Mantovani
DOI: https://doi.org/10.1057/978-1-137-36537-8
Publisher: Palgrave Macmillan New York
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-1-137-39149-0Published: 19 June 2017
eBook ISBN: 978-1-137-36537-8Published: 16 June 2017
Edition Number: 1
Number of Pages: XVI, 158
Number of Illustrations: 9 b/w illustrations
Topics: Investment Appraisal, Entrepreneurship