Previous studies demonstrate that policy makers and practitioners should target support tailored to special needs of novice and habitual entrepreneurs. This paper aims to present a study of the role of prior business experience in the inclination to use external business support and the choice...

After the global financial crisis, the Japanese government enacted the Financing Facilitation Act in 2009 to help small and medium-sized enterprises (SMEs) that had fallen into unprofitable conditions. Under this law, when troubled debtors asked financial institutions to ease repayment...