This study determines the role of different modes of financing in shaping firms' startup size decision. According to the principal hypothesis, the greater the startup's access to bank loans and external private equity, the larger the startup will be. It is also hypothesized that the positive...

This paper investigates the determinants of the start-up size of new technology-based firms. While previous empirical studies generally focussed on industry-specific variables, we draw attention to the characteristics of founders, notably their human capital. In the empirical section, we...

In this paper we test both sunk cost and strategic size liability predictions by looking at the exit behavior of a sample of Italian manufacturing plants. For this purpose, we focus on plants' size and ownership status. In particular, we distinguish independent plants from plants that belong to...