Holtz-Eakin, Douglas; Joulfaian, David; Rosen, Harvey S - In: Journal of Political Economy 102 (1994) 1, pp. 53-75
The authors examine survival rates of entrepreneurial enterprises and their growth, conditional on surviving. Their focus is on whether liquidity constraints increase the likelihood of entrepreneurial failure. The empirical strategy is based on the following logic: If entrepreneurs cannot borrow...
