Exploring Risk-taking Behaviours in New Venture Financing
New business ventures are everywhere in today’s global economy. They represent one of the primary engines of economic growth and are responsible for generating the majority of new jobs in recent decades.
Dr. Zhenyu Wu, Canada Research Chair in Entrepreneurship and Innovation, is examining what can be done to ensure these drivers of the global economy continue to survive and grow. Financing, for example, is critical for new ventures, but it can be difficult to secure in the current economic downtown as lenders are increasingly acting in a “fair weather” fashion.
To help entrepreneurs obtain financing, Wu is assessing the risk behaviour of people involved in new venture financing and explaining their decision-making processes. This breakthrough research into the behavioural aspect of entrepreneurship will give entrepreneurs a greater chance to succeed in their new ventures.
Wu’s findings will also address how internationalization can help facilitate the financing and success of entrepreneurial firms.
Wu’s research will help improve the financial and emotional well-being of people involved in new ventures as well as the efficiency of the Canadian and global economies.