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Crowdfunding, cascades and informed investors

Parker, Simon C. - 2014

Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not necessarily".

Persistent link: https://www.econbiz.de/10010252710

The effect of credit guarantees on R&D investment of SMEs in Korea

Heshmati, Almas - 2013

Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival …

Persistent link: https://www.econbiz.de/10010229522

Were small businesses more likely to permanently close in the pandemic?

Fairlie, Robert W.; Fossen, Frank M.; Johnsen, Reid; … - 2022

Previous estimates indicate that COVID-19 led to a large drop in the number of operating businesses operating early in the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small businesses were disproportionately hit. This paper...

Persistent link: https://www.econbiz.de/10013329545

Financial distress and the role of management in micro and small-sized firms

Alexandre, Fernando; Cruz, Sara; Portela, Miguel - 2020

In this paper, we focus on managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams' human capital on the probability of firms becoming financially distressed and...

Persistent link: https://www.econbiz.de/10012294788

The impacts of COVID-19 on racial inequality in business earnings

Fairlie, Robert W. - 2023

Many small businesses closed in the pandemic, but were economic losses disproportionately felt by businesses owned by people of color? This paper provides the first study of the impacts of COVID-19 on racial inequality in business earnings. Pandemic-induced losses to business earnings in 2020...

Persistent link: https://www.econbiz.de/10014335844

Badge of honor or scarlet letter? : unpacking investors' judgment of entrepreneurs' past failure

Zunino, Diego; Praag, Mirjam van; Dushnitsky, Gary - 2017

Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...

Persistent link: https://www.econbiz.de/10011732046

Innovation and SMEs patent propensity in Korea

Han, Junghee; Heshmati, Almas - 2015

This paper analyzes the patent propensity as an outcome of innovative activities of regional SMEs. To achieve the aims … firms designated as innovative SMEs by the government are not performing differently than general firms. Only the CEO … considered to actively promote SMEs innovativeness. …

Persistent link: https://www.econbiz.de/10010470885

How credit constrained are family-owned SMEs in Arab countries?

Gourène, Grakolet Arnold Zamereith; Brixiova, Zuzana; … - 2024

Family-owned firms account for majority of small and medium-sized enterprises (SMEs) in Arab countries, but evidence on … SMEs in Egypt, Jordan, Morocco, and Tunisia. We found that while family-owned firms have a higher need for credit than … family-owned SMEs. …

Persistent link: https://www.econbiz.de/10015163047

Financing, ownership, and performance : a novel, longitudinal firm-level database

Brown, J. David; Davis, Steven J.; Foster, Lucia; … - 2024

The Census Bureau's Longitudinal Business Database (LBD) underpins many studies of firm-level behavior. It tracks longitudinally all employers in the nonfarm private sector but lacks information about business financing and owner characteristics. We address this shortcoming by linking LBD...

Persistent link: https://www.econbiz.de/10015144123

Do SBA loans create jobs?

Brown, J. David; Earle, John S. - 2013

-effect regressions with matching on exact firm age, industry, year, and pre-loan size, and on propensity scores as a function of four … "pre-program" specification tests. Other specifications using only matching or only regression imply somewhat higher …

Persistent link: https://www.econbiz.de/10009786960