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formations and failures. Monthly formations and failures for each state, summed by regions and the entire USA, as reported by Dun …
Persistent link: https://www.econbiz.de/10011310337
, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base … debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained …
Persistent link: https://www.econbiz.de/10011310325
that traditional sources of capital accounted for 65% of the firms' start-up capital and 35% of the start-up capital was … compared to traditional sources of financing when bootstrap financing comprised at least 60% of the total start-up capital. No …
Persistent link: https://www.econbiz.de/10011310368
Based on a three equations model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows to analyze counterfactual scenarios that assess the impact of changes in exogenous variables on the...
Persistent link: https://www.econbiz.de/10010293323
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10011569390
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10011580354
This paper addresses three simple questions: how should the contribution of high-growth firms to job creation be measured? how much does this contribution vary across countries? to what extent does the cross-country variation depend on variation in the proportion of high-growth firms in the...
Persistent link: https://www.econbiz.de/10011985397
The basic principle governing the development of the accounting framework is the choice of appropriate comparators. Firstly, when measuring contributions to job creation, we should focus on just job creating firms, otherwise we are summing over contributions from firms with positive, zero, and...
Persistent link: https://www.econbiz.de/10011917092
We propose that the effect of market concentration on firm survival is different according to whether an industry is static (low entry and exit) or dynamic. In our empirical analysis we find support for this hypothesis. Industry concentration rates reduce the survival of new plants but only in...
Persistent link: https://www.econbiz.de/10010271957
that ignore self-employment. In this paper, we assess how UI benefit duration affects the motivation for creating a startup … consider the fiscal externality of UI on startup success when it comes to the (optimal) design of UI systems. …
Persistent link: https://www.econbiz.de/10012290514