shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years …

shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years …

We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a …. Compared to the productivity shock, the credit and the lockdown shocks generate larger changes in firm entry and exit. The … credit shock accounts for lower entry, higher exit, and concentration of exit among young firms during the Great Recession …

shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years …

a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many …