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that traditional sources of capital accounted for 65% of the firms' start-up capital and 35% of the start-up capital was … compared to traditional sources of financing when bootstrap financing comprised at least 60% of the total start-up capital. No …
Persistent link: https://www.econbiz.de/10010790689
, studies of small firms have been somewhat less common, and investigation of capital structure at origin (start-up) has been … virtually nil. In this paper we present empirical evidence concerning the start-up capital structures of small firms. We base … debt is prevalent among start-up firms in transportation and utilities than those in other industries. When debt obtained …
Persistent link: https://www.econbiz.de/10010790726
The business structure in Jalisco, Mexico is primarily composed of micro, small and medium-sized enterprises (SMEs). Thus, it is fundamentally necessary to understand the dynamics, evolution and above all, the strategic challenges of this sector in order to understand the state’s economic...
Persistent link: https://www.econbiz.de/10011205538
An optimal pace of business dynamics—encompassing the processes of entry, exit, expansion, and contraction—would balance the benefits of productivity and economic growth against the costs to firms and workers associated with reallocation of productive resources. It is difficult to prescribe...
Persistent link: https://www.econbiz.de/10010815788
Based on a three equations model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows to analyze counterfactual scenarios that assess the impact of changes in exogenous variables on the...
Persistent link: https://www.econbiz.de/10010840883
The paper uses a unique dataset comprising the population of new ventures that enter the UK market in 1998. We argue that we would expect the effect of market concentration on firm survival to be different according to whether an industry is static (low entry and exit) or dynamic. In our...
Persistent link: https://www.econbiz.de/10005765256
Although employment at individual firms tends to be highly nonstationary, the employment size distribution of all firms in the United States appears to be stationary. It closely resembles a Pareto distribution. There is a lot of entry and exit, mostly of small firms. This review surveys general...
Persistent link: https://www.econbiz.de/10009226033
The paper presents a model assigning a bankruptcy probability to a company, developed on the basis of individual data from balance sheets and income statements of Polish companies, collected by Central Statistical Office of Poland in the 2001 – 2010 period. Determinants for warning signals for...
Persistent link: https://www.econbiz.de/10010630843
The impact of entry upon market performance depends not only on the number of entries and their size, but also on how long do the firms last. Consequently, there are an increasing number of papers, most of them focused on the United States and restricted to the manufacturing sector, aimed at...
Persistent link: https://www.econbiz.de/10012733682
A question of explaining bank failures constitutes perhaps one of the greatest interest to banks' clients, policy … variables did not seem to influence failures significantly. …
Persistent link: https://www.econbiz.de/10005121380