We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership … cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local … absence of a network. Thus, the formation of the network is inefficient as entrepreneurs incur networking costs for purely …

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …