The assumption of capital constraints on entrepreneurs frames much entrepreneurship research with the general expectation that in a new venture more cash is better. But owing to limited availability of data on the terminal liquidity value of new ventures, empirical examinations of the ultimate merits of this assumption are scarce.
Wiltbank, Robert; Dew, Nicholas; and Read, Stuart
"INVESTMENT AND RETURNS IN SUCCESSFUL ENTREPRENEURIAL SELL-OUTS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 35
, Article 17.
Available at: http://digitalknowledge.babson.edu/fer/vol35/iss2/17