Although economic theory has emphasized that moral hazard and hold-up problems influence the design of contracts, very little is known about the process by which explicit contracts are established and the effect of contractual arrangements on firm performance. This paper attempts to demonstrate...

The Kauffman Firm Survey is a panel study of 4,928 businesses founded in 2004 that are being tracked annually over their first eight years. The survey focuses on the nature of new business formation activity, characteristics of the strategy, offerings, and employment patterns of new businesses....