...Craig Wilson and Zhenyu Wu; Douglas Cumming; Sofia Johan Purpose – The purpose of this paper is to study factors that affect the success of technology parks in terms of fostering entrepreneurial firm formation, growth, and financing. Design/methodology/approach – Based on a new...

... of such inefficiency on firms’ debt financing. Findings – The main finding is that as entrepreneurial activities increase, firms’ ability to borrow from banks also increases. Results also indicate that increased borrowing improves internal governance practices and indirectly compel the management to become more...