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In this paper we investigate whether small-scale businesses face financial constraints that affect their survival. We develop a model of moral hazard in which financial constraints arise endogenously. The model predicts that higher private assets relax financial constraints and have a positive...
Persistent link: https://www.econbiz.de/10005068690
In this paper we investigate the link between entrepreneurship and financial constraints. We develop a dynamic partial …
Persistent link: https://www.econbiz.de/10005068829
This paper studies gender discrimination against entrepreneurs by financial institutions. Based on the Business Environment and Enterprise Performance Survey (BEEPS) that covers firms in several countries of Western Europe as well as in the transition countries of Eastern Europe, our analysis...
Persistent link: https://www.econbiz.de/10005068937
Research surveys of the field of entrepreneurship suggest that the maturation and institutionalization of … entrepreneurship as a research field brings about both new opportunities and constraints from established thoughts and practices. In … research in entrepreneurship is becoming increasingly institutionalized with regard to different issues: successively …
Persistent link: https://www.econbiz.de/10011096126
Abstract: Why do entrant firms sometimes gain the upper hand under conditions of discontinuous technological change? Previous research on this topic has either looked at the role of established competencies and/or firm incentives to invest in a new technology. In this paper we explore an...
Persistent link: https://www.econbiz.de/10011106040