Small and medium Enterprises (SMEs) play a key role to innovation, employment, and competitive advantage. One of the requirements for growth, creativity as well as entrepreneurship in societies is to study their failure process. The purpose of this survey study was to investigate factors which...

We examine how consumer credit access impacts self-employment and small business ownership by building a new dataset that links 3 million individual earnings and credit reports to pass-through tax records. We show that self-employment and employer business ownership increase with personal credit...

Zum Werk: Die derzeitige wirtschaftliche Situation mit den sehr stark gestiegenen Energie- und Rohstoffpreisen sowie den Lieferschwierigkeiten für eine Vielzahl von Vor- und Zwischenprodukten führen bei zahlreichen Unternehmen zu einer Verschlechterung der wirtschaftlichen Situation. Bereits...

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...