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In this paper we investigate whether small-scale businesses face financial constraints that affect their survival. We develop a model of moral hazard in which financial constraints arise endogenously. The model predicts that higher private assets relax financial constraints and have a positive...
Persistent link: https://www.econbiz.de/10005068690
This paper studies gender discrimination against entrepreneurs by financial institutions. Based on the Business Environment and Enterprise Performance Survey (BEEPS) that covers firms in several countries of Western Europe as well as in the transition countries of Eastern Europe, our analysis...
Persistent link: https://www.econbiz.de/10005068937
-employment and entrepreneurship and their economic success. Particular attention is paid to the role of legal status at entry in the …
Persistent link: https://www.econbiz.de/10005069009