Colombatto, Enrico; Melnik, Arie; Monticone, Chiara - Department of Economics, University of Haifa
We analyze the loans that startup firms obtain from banks by testing our predictions on a set of small, young Italian companies founded during the 1992-2004 period. According to our investigation, the amount of borrowing is determined by (1) the size of the firm, (2), the ability to offer...