This paper examines the role of interest rates and securities within the context of the small firm - bank lending relationship and questions whether banks alter their lending conditions on the basis of specific firm characteristics and the nature of the borrowing undertaken. The results suggest...

The UK self-employment rate is similar to that in Austria,France, Germany, Luxembourg and Ireland, and is in the mid-rangefor the EU.• In total, the self-employed in the UK employ a further 2.6 millionpeople.• The UK is one of only six EU countries in which males have a higherprobability of...

This paper studies the relationship between entrepreneurship and unemployment. We focus on Necessity TEA (total entrepreneurial activity for those individuals pushed into entrepreneurship because they have no better alternatives for work). We a priori predict that when unemployment is high, TEA...