Entrepreneurs are often faced with problemsregarding start-up financing. But compared to noviceentrepreneurs, experienced entrepreneurs shouldhave both more knowledge and better contacts, whichshould potentially reduce the occurrence of problemsand affect finance composition. However, experience...

Going bankrupt does not necessarily mean the end of an entrepreneurial career. Recent reforms of the insolvency law in several European countries towards a more debtorfriendly system similar to Chapter 11 of the U.S. bankruptcy code make it easier for bankrupt entrepreneurs to start a new...