The current study investigates how institutional constraints and firms' and entrepreneurs' characteristics affect business recovery. Some elements have not yet been rigorously examined in the existing literature, especially not concerning the post-communist countries' business recovery component...

We ask whether local agglomeration affects how recessions impact on entrepreneurship by comparing the probability of being an entrepreneur before and after the Great 2008 Recession in local labour markets where industrial districts are present and in comparable areas. Using Italian Labour Force...

The number of small business start ups that fail may be highly over-estimated according to Bloomberg BusinessWeek (Klein 3/99). Government data is based on employee terminations and 75% of start ups are untracked solo operations. So while this presents a more hopeful scenario, we remain in the...