Scherr, Frederick C.; Sugrue, Timothy F.; Ward, Janice B. - In: Journal of Small Business Finance 3 (1993) 1, pp. 17-36
, 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 …