The impact of the perceived entrepreneurial risk on the size of debt when liquidity constraints exist for new small- to medium-size enterprises in rural areas in southern Europe is the first topic examined.The second is the effect of the location of sales for these new ventures on the perceived...

A central question in strategic management is why some firms perform better than others. One approach to addressing this question empirically is to decompose the variance in firm-level profitability into firm, industry, location, and year components. Although it is well established that data...