Análisis bibliométrico de la financiación alternativa para el emprendimiento
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Publicado
11-05-2022
Katherine Coronel-Pangol
Carmen Orden-Cruz
Jéssica Paule-Vianez
https://orcid.org/0000-0003-4370-756X
Carmen Orden-Cruz
Jéssica Paule-Vianez
Resumen
Una de las principales limitaciones del emprendimiento es el acceso a la financiación, especialmente en sus etapas iniciales. Con el paso de los años, nuevas fuentes de financiación han ido evolucionando para dar respuesta a esta necesidad y brindar nuevas opciones a los emprendedores. En este artículo, a través de un análisis bibliométrico, se analiza la evolución de la literatura académica en la relación entre emprendimiento y financiación alternativa a través de tres períodos de análisis (1975-1999, 2000-2010 y 2011-2020). Este trabajo pretende aportar una visión más clara sobre la evolución de esta relación, determinando corrientes actuales y futuras líneas de investigación. Los datos han sido obtenidos de la base de datos Web of Science (WOS) y sistematizados en el software SciMAT. Los resultados muestran cómo el venture capital y el business angels se han configurado como principales herramientas para el emprendimiento, siendo las más estudiadas desde distintos enfoques, especialmente desde 2000. Las incubadoras de universidades y centros de investigación, el gobierno corporativo y el desarrollo de esta financiación en países emergentes se perfilan como potenciales vías de investigación en este campo.
Cómo citar
Coronel-Pangol, K., Orden-Cruz, C., & Paule-Vianez, J. (2022). Análisis bibliométrico de la financiación alternativa para el emprendimiento. Cuadernos De Gestión, 22(2), 167–182. https://doi.org/10.5295/cdg.211559kc
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Keywords
Análisis Bibliométrico, Financiación Alternativa, Venture Capital, Emprendimiento
References
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Chemmanur, T., Louskina, E., & Tian, X. (2014). Corporate Venture Capital, Value Creation, and Innovation. Review of Financial Studies, 27(8), 2434-2473. https://doi.org/10.1093/rfs/hhu033
Cho, Y., & Lee, J. (2018). Entrepreneurial Orientation, Entrepreneurial Education and Performance. Asia Pacific Journal of Innova-tion and Entrepreneurship, 12(2), 124-134.
Cobo, M., López-Herrera, A., Herrera-Viedma, E., & Herrera, F. (2011). An approach for detecting, quantifying, and visualizing the evolution of a research field: A practical application to the fuzzy sets theory field. Journal of infometrics, 5(1), 146-166.
Cobo, M., Chiclana, F., Collop, A., De Ona, J., & Herrera-Viedma, E. (2014). A Bibliometric Analysis of the Intelligent Transporta-tion Systems Research Based on Science Mapping. Transactions on Intelligent Transportation Systems, 15(2), 901-908. https://doi.org/10.1109/TITS.2013.2284756
Cumming, D. (2006). The legislative road to Silicon Valley. Oxford Economic Papers, 58(4), 596-635. https://doi.org/10.1093/oep/gpl007
Cumming, D., & Dai, N. (2010). Local bias in venture capital investments. Journal of Empirical Finance, 17(3), 362-380. https://doi.org/10.1016/j.jempfin.2009.11.001
Cumming, D., & Johan, S. (2017). The Problems with and Promise of Entrepreneurial Finance. Strategic Entrepreneurship Journal. https://doi.org/10.1002/sej.1265
Cumming, D., Werth, J., & Zhang, Y. (2019). Governance in entrepreneurial ecosystems: Venture capitalists vs. technology parks. Sustainable Architecture for Finance in Europe. https://doi.org/10.2139/ssrn.2777423
De la Cruz, M., Díaz-Casero, J., Hernández-Mogollón, R., & Postigo-Jiménez, M. (2011). Perceptions and attitudes towards entre-preneurship. An analysis of gender among university students. International Entrepreneurship and Management Journal, 7(4), 443-463. https://doi.org/10.1007/s11365-011-0200-5
De Vries, M. (1977). The entrepreneurial personality - a person at the cross-roads. Journal of Management Studies, 14, 34-47.
Di Gregorio, D., & Shane, S. (2003). Why do some universities generate more start-ups than others?. Research policy, 32(2), 209-227.
Dutta, N., & Meierrieks, D. (2021). Financial development and entrepreneurship. International Review of Economics & Finance, 73, 114-126. https://doi.org/10.1016/j.iref.2021.01.002
Ellegaard, O., & Wallin, J.A. (2015). The bibliometric analysis of scholarly production: How great is the impact? Scientometrics, 105, 1809-1831. https://doi.org/10.1007/s11192-015-1645-z
Fathonih, A., Anggadwita, G., & Ibraimi, S. (2019). Sharia venture capital as financing alternative of Muslim entrepreneurs: Oppor-tunities, challenges, and future research directions. Journal of Enterprising Communities: People and Places in the Global Economy, 13(3), 333- 352. https://doi.org/10.1108/JEC-11-2018-0090
Fried, V.H., Bruton, G.D., & Hisrich, R.D. (1998). Strategy and the Board of Directors in Venture Capital-backed Firms. Journal of Business Venturing, 13(6), 493-503. https://doi.org/10.1016/S0883-9026(97)00062-1
GEM. (2020). Ecuador GEM 2020 National Report. Available at: https://gem.ufm.edu/category/reportes/
Gompers, P., & Lerner, J. (2001). The Venture Capital Revolution. The Journal of Economic Perspectives, 15(2), 145-168.
González, J., Kuechle, G., & Peña, I. (2013). An Assessment of the Determinants of University Technology Transfer. Economic Development Quarterly, 27(1), 6-17. https://doi.org/10.1177/0891242412471847
Grilli, L., & Murtinu, S. (2012). Government, Venture Capital, and the Growth of European High-Tech Entrepreneurial Firms. Rese-arch Policy, 43(9), 1523-1543.
Guild, P., & Bachher, J. (1996). Equity Investment Decisions for Technology Based Ventures. International Journal of Technology Management, 12(7-8), 787-795.
Gulati, R., & Higgins, M. (2003). Which Ties Matter When? The Contingent Effects of Interorganizational Partnerships on IPO Success. Strategic Management Journal, 24(2), 127 - 144. Available at: http://www.jstor.org/stable/20060517
Gurau, C., & Dana, L. (2020). Financing paths, firms’ governance, and corporate entrepreneurship: Accessing and applying operant and operand resources in biotechnology firms. Technological Forecasting and Social Change, 153. https://doi.org/10.1016/j.techfore.2020.119935
Guzmán, A., & Trujillo, M. (2018). Social Entrepreneurship - Literature Review. Estudios Gerenciales, 24(109), 105-123. Available at: http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S0123-59232008000400005&lng=en&tlng=es
Hain, D., Johan, S., & Wang, D. (2016). Determinants of Cross-Border Venture Capital Investments in Emerging and Developed Economies: The Effects of Relational and Institutional Trust. Journal of Business Ethics, 138, 743-764 https://doi.org/10.1007/s10551-015-2772-4
Hall, J., & Hofer, C.W. (1993). Venture Capitalists Decision Criteria in New Venture Evaluation. Journal of Business Venturing 8(1) 25-42.
Hayter, C. (2013). Harnessing University Entrepreneurship for Economic Growth: Factors of Success Among University Spin-offs. Economic Development Quarterly, 27(1), 18-28. https://doi.org/10.1177/0891242412471845
Hearn, B., & Piesse, J. (2013). Firm level governance and institutional determinants of liquidity: Evidence from Sub Saharan Africa. International Review of Financial Analysis, 28, 93-111. https://doi.org/10.1016/j.irfa.2013.02.004
Hellman, T. (1998). The Allocation of Control Rights in Venture Capital Contracts. The RAND Journal of Economics, 29(1), 57-76. https://doi.org/10.2307/2555816
Hellman, T. (2006). IPOs, acquisitions, and the use of convertible securities in venture capital. Journal of Financial Economics, 81(3), 649-679. https://doi.org/10.1016/j.jfineco.2005.06.007
Horisch, J., & Tenner, I. (2020). How environmental and social orientations influence the funding success of investment-based crowdfunding: The mediating role of the number of funders and the average funding amount. Technological Forecasting and So-cial Change, 161. https://doi.org/10.1016/j.techfore.2020.120311
Hsu, D. (2007). Experienced Entrepreneurial Founders, Organizational Capital, And Venture Capital Funding. Research Policy, 36(5), 722-741. https://doi.org/10.1016/j.respol.2007.02.022
Hurry, D., Miller, A., & Bowman, E. (1992). Calls on High-Technology: Japanese Exploration of Venture Capital Investments in the United States. Strategic Management Journal, 13(2), 85- 101.
Ivari, A., Jafari, H., & Ali Ahmadian, M. (2021). Evaluating the performance of modern rural management (Dehyari) in improving social contexts and attracting financial resources for the development of rural entrepreneurship in Khalilabad. Purposes and Re-presentations, 9(3). https://doi.org/10.20511/pyr2021.v9nSPE3.1118
Kaplan, S. N., & Strömberg, P. (2003). Financial contracting theory meets the real world: An empirical analysis of venture capital contracts. The review of economic studies, 70(2), 281-315.
Kaplan, S., & Stromberg, P. (2003). Characteristics, Contracts, And Actions: Evidence from Venture Capitalist Analyses. Journal Of Finance, 59(5), 2177-2210.
Lechner, C., Dowling, M., & Welpe, I. (2006). Firm networks and firm development: The role of the relational mix. Journal of Busi-ness Venturing, 21(4), 514-540. https://doi.org/10.1016/j.jbusvent.2005.02.004
Lee, C., Lee, K., & Pennings, J. (2001). Internal Capabilities, External Networks, and Performance: A Study on Technology-Based Ventures. Strategic Management Journal, 22(6/7), 615-640. Available at: http://www.jstor.org/stable/3094323
Li, Y., & Zahra, S. (2012). Formal institutions, culture, and venture capital activity: A cross- country analysis. Journal of Business Venturing, 27(1), 95 -111. https://doi.org/10.1016/j.jbusvent.2010.06.003
Ljungkvist, T. (2017). Constructive business advice? Different trajectories between family businesses and startups. Journal of Family Business Management, 7(3), 309-328. https://doi.org/10.1108/JFBM-05-2017-0011
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