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How do firms choose legal form of organization?

Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2011

In this study, we analyze the firm’s choice of legal form of organization (“LFO”). We find that only about one in three firms begins operations as a proprietorship, while almost as many begin as limited-liability companies and as corporations. Moreover, this distribution is remarkably...

Persistent link: https://www.econbiz.de/10009226802

Entrepreneurship in Economic Development

Naude, Wim - World Institute for Development Economic Research … - 2008

What is the role of entrepreneurship in economic development? At a minimum the answer should be able to explain the … economic development lacks a ?general theory? of entrepreneurship, which could encompass a variety of development experiences …, much progress has been made in extending the understanding of entrepreneurship in the process of development. This paper …

Persistent link: https://www.econbiz.de/10005033088

Who needs credit and who gets credit? Evidence from the Surveys of Small Business Finances

Cole, Rebel A. - Volkswirtschaftliche Fakultät, … - 2008

In this study, we use data from the Federal Reserve’s 1993, 1998 and 2003 Surveys of Small Business Finances to classify small businesses into four groups based upon their credit needs and to model the credit allocation process into a sequence of three steps. First, do firms need credit? We...

Persistent link: https://www.econbiz.de/10008615019

Bank credit, trade credit or no credit: Evidence from the Surveys of Small Business Finances

Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2010

In this study, we use data from the SSBFs to provide new information about the use of credit by small businesses in the U.S. More specifically, we first analyze firms that do and do not use credit; and then analyze why some firms use trade credit while others use bank credit. We find that one in...

Persistent link: https://www.econbiz.de/10008615030

Small Business, Innovation, and Tax Policy: A Review

Gale, William; Brown, Samuel - Volkswirtschaftliche Fakultät, … - 2013

Small businesses occupy an iconic place in American public policy debates. This paper discusses interactions between the federal tax code, small business, and the economy. We summarize the characteristics of small businesses, identify the tax provisions that most affect small businesses, and...

Persistent link: https://www.econbiz.de/10011108506