Credit Constraints as a Barrier to the Entryand Post-Entry Growth of Firms

Advanced market economies are characterized by a continuous process of creativedestruction. Market forces and technological developments play a major role in shaping thisprocess, but institutional and policy settings also influence firms´ decision to enter, to expandif successful and to exit if competition becomes unbearable. In this paper, we focus on theeffects of financial development on the entry of new firms and the expansion of successfulnew businesses...

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Year of publication:	2007-12-01
Authors:	Aghion, Philippe ; Fally, Thibault ; Scarpetta, Stefano
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Betriebsgröße \| Nachtrag \| Buchung \| Entry – Exit Pattern

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Extent:	436224 bytes 45 p. application/pdf
Series:	IZA Discussion Papers IZA Discussion Paper ; No. 3237 (2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	D21 - Firm Behavior ; D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; G32 - Financing Policy; Capital and Ownership Structure ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; Forecast, decision making ; Legal form, Organisational form. General ; Capital budgeting, budgetary planning and budgetary control ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005861084