Research Handbooks in Business and Management series
Edited by Javed Ghulam Hussain and Jonathan M. Scott
Chapter 1: Introduction: entrepreneurial finance in context in the twenty-first century
Entrepreneurial finance has, and continues to be, a major avenue for entrepreneurship research and scholarly inquiry (Storey, 1994) because of the changing nature of the constituent empirical phenomena and theories, especially in light of the Global Financial Crisis (GFC) and newly emergent forms of innovative financing models such as microfinance and crowdfunding. Accordingly, this handbook draws comprehensively upon the current cutting edge theories, knowledge, research findings and analysis of the interaction between small and medium-sized enterprises (SMEs), entrepreneurs, and financial institutions globally. As well as including regional and international perspectives through research that deals with the business environment in the United Kingdom (UK), Europe, North America, the Middle East, Oceania, and Central, East and South Asia, it is augmented by deeper insights into the implications for practitioners (including SMEs, entrepreneurs and financial institutions) and policymakers. Its constituent chapters thus offer novel and unique contextualized theoretical and empirical insights and contributions (Welter, 2011; Zahra, 2007; Zahra et al., 2014). In this introductory chapter we highlight the novel contributions of each chapter, as well as their method(s), key findings(s) and, finally, we conclude by offering some future directions for research into entrepreneurial finance across different distinctive spatial, sociocultural, political and economic development contexts.