While the importance of venture capital to the growth of small firms has been widely discussed during the past decade, little is know about the uses of equity capital, especially internal equity capital, by majority of small firms in the United States. Information from the Federal Reserve...

This study gives estimates of the number of households owning privately held businesses in the United States, compares the demographic and economic characteristics of business owners and non-business owners, and examines the relationship between the growth in the total number of business...