A qualitative multiple case study on financing decisions of women-owned startups in the tech industry
(2023) FEKH99 20222Department of Business Administration
- Abstract
- Title: Women entrepreneurship - A multiple case study on financing decisions of women-owned startups
Seminar date: January 11th, 2023
Course: FEKH99, Bachelor Degree Project in Entrepreneurship and Innovation, Business Administration, undergraduate level, 15 University credit points
Authors: Agnes Carenborn, Fredrik Melander and Hugo Landén
Advisor: Joakim Winborg
Keywords: Women entrepreneurs, women-owned startups, startup financing, financing decisions, financing preferences, individual factors, control aversion, risk aversion, human capital, social capital,
Research question: How do women entrepreneurs in the technology industry finance their startups and how do their individual characteristics influence their choice of... (More) - Title: Women entrepreneurship - A multiple case study on financing decisions of women-owned startups
Seminar date: January 11th, 2023
Course: FEKH99, Bachelor Degree Project in Entrepreneurship and Innovation, Business Administration, undergraduate level, 15 University credit points
Authors: Agnes Carenborn, Fredrik Melander and Hugo Landén
Advisor: Joakim Winborg
Keywords: Women entrepreneurs, women-owned startups, startup financing, financing decisions, financing preferences, individual factors, control aversion, risk aversion, human capital, social capital,
Research question: How do women entrepreneurs in the technology industry finance their startups and how do their individual characteristics influence their choice of financing?
Purpose: The purpose of this study is to better understand women entrepreneurs' financing decisions
Methodology: A qualitative multiple-case study conducted through semi structured interviews with an abductive scientific approach. Eisenhardt (1989), within and cross case analysis
Theoretical perspectives: The theoretical perspectives are based on previous research that have examined: (startup financing, preferences in startup financing, influence of individual factors on capital structure/ financing decision; control, risk, human, social) pecking order theory
Result: The women entrepreneurs were found to finance their startups through multiple sources of financing. These include: internal financing, bootstrapping, debt financing, equity financing and, grants and subsidies.
Conclusion: Internal financing and bootstrapping are financing methods used during the initial stages of the startup. None of the women have received bank loans, however, they have received subsidized loans. Equity is the most common source of financing and venture capital was preferred. Grants and subsidies seem to be of great importance by providing initial financing. Social capital is the personal characteristic which contributed most. Effects of other factors have affected individual women differently, however, no other causality has been discovered. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9110225
- author
- Carenborn, Agnes LU ; Melander, Fredrik LU and Landén, Hugo LU
- supervisor
- organization
- course
- FEKH99 20222
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- keywords
- Women entrepreneurs, women-owned startups, startup financing, financing decisions, financing preferences, individual factors, control aversion, risk aversion, human capital, social capital
- language
- English
- id
- 9110225
- date added to LUP
- 2023-02-20 10:47:00
- date last changed
- 2023-02-20 10:47:00
@misc{9110225, abstract = {{Title: Women entrepreneurship - A multiple case study on financing decisions of women-owned startups Seminar date: January 11th, 2023 Course: FEKH99, Bachelor Degree Project in Entrepreneurship and Innovation, Business Administration, undergraduate level, 15 University credit points Authors: Agnes Carenborn, Fredrik Melander and Hugo Landén Advisor: Joakim Winborg Keywords: Women entrepreneurs, women-owned startups, startup financing, financing decisions, financing preferences, individual factors, control aversion, risk aversion, human capital, social capital, Research question: How do women entrepreneurs in the technology industry finance their startups and how do their individual characteristics influence their choice of financing? Purpose: The purpose of this study is to better understand women entrepreneurs' financing decisions Methodology: A qualitative multiple-case study conducted through semi structured interviews with an abductive scientific approach. Eisenhardt (1989), within and cross case analysis Theoretical perspectives: The theoretical perspectives are based on previous research that have examined: (startup financing, preferences in startup financing, influence of individual factors on capital structure/ financing decision; control, risk, human, social) pecking order theory Result: The women entrepreneurs were found to finance their startups through multiple sources of financing. These include: internal financing, bootstrapping, debt financing, equity financing and, grants and subsidies. Conclusion: Internal financing and bootstrapping are financing methods used during the initial stages of the startup. None of the women have received bank loans, however, they have received subsidized loans. Equity is the most common source of financing and venture capital was preferred. Grants and subsidies seem to be of great importance by providing initial financing. Social capital is the personal characteristic which contributed most. Effects of other factors have affected individual women differently, however, no other causality has been discovered.}}, author = {{Carenborn, Agnes and Melander, Fredrik and Landén, Hugo}}, language = {{eng}}, note = {{Student Paper}}, title = {{A qualitative multiple case study on financing decisions of women-owned startups in the tech industry}}, year = {{2023}}, }