Veronique de Rugy on America’s Small-Business Fetish
Posted: May 21, 2012 Filed under: Business, Businesses and Startups, Uncategorized Leave a comment »Sent to you via Google Reader
Veronique de Rugy on America’s Small-Business Fetish
Why People Should Take Economics Before Starting A Business…
Posted: February 28, 2011 Filed under: Business, Businesses and Startups Leave a comment »The Capital Structure Decisions of New Firms — by Alicia M. Robb, David T. Robinson
Posted: August 23, 2010 Filed under: Businesses and Startups, Uncategorized Leave a comment »Sent to you via Google Reader
The Capital Structure Decisions of New Firms — by Alicia M. Robb, David T. Robinson
This paper investigates the capital structure choices that firms make in their initial year of operation, using restricted-access data from the Kauffman Firm Survey. Contrary to many accounts of startup activity, the firms in our data rely heavily on external debt sources such as bank financing, and less extensively on friends and family-based funding sources. This fact is robust to numerous controls for credit quality, industry, and business owner characteristics. The heavy reliance on external debt underscores the importance of well functioning credit markets for the success of nascent business activity.
Daniel J. SmithSent Via Mobile Phone
http://www.danieljosephsmith.com
