revisit the implications of their model with new evidence from a setting in which entrepreneurs sell their firms in private …, we conclude that seller financing is an important channel through which entrepreneurs mitigate the adverse selection …

This paper responds to the need for more data on the topical issue of older entrepreneurship by comparing Third Age (50 …+ years) and Prime Age (20-49 years) entrepreneurs in Finland. The data comprises responses from 839 small firms which were … entrepreneurship is not a marginal issue, even though the start-up rate in the Third Age population was found to be slightly less than …