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How do firms choose legal form of organization?

Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2011

In this study, we analyze the firm’s choice of legal form of organization (“LFO”). We find that only about one in three firms begins operations as a proprietorship, while almost as many begin as limited-liability companies and as corporations. Moreover, this distribution is remarkably...

Persistent link: https://www.econbiz.de/10009226802

Entrepreneurship in a Unionised Economy

Leppämäki, Mikko; Kanniainen, Vesa - CESifo - 2000

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

Persistent link: https://www.econbiz.de/10005181309

Enterprise Formation and Labor Market Institutions

Kanniainen, Vesa; Vesala, Timo - CESifo - 2000

The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...

Persistent link: https://www.econbiz.de/10005406064

Entrepreneurship, Economic Risks, and Risk Insurance in the Welfare State: Results with OECD Data 1978-93

Ilmakunnas, Pekka; Kanniainen, Vesa - CESifo - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10005416460

Bank credit, trade credit or no credit: Evidence from the Surveys of Small Business Finances

Cole, Rebel - Volkswirtschaftliche Fakultät, … - 2010

In this study, we use data from the SSBFs to provide new information about the use of credit by small businesses in the U.S. More specifically, we first analyze firms that do and do not use credit; and then analyze why some firms use trade credit while others use bank credit. We find that one in...

Persistent link: https://www.econbiz.de/10008615030