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...

It is argued that when founders of SMEs perceive the probability of a successful and lucrative venture to be greater, they are more likely to provide a greater proportion of the start-up capital. This paper provides an empirical examination of two concurrent hypotheses. Firstly, that the size of...