أعرض تسجيلة المادة بشكل مبسط

dc.creator Schäfer, Dorothea
dc.creator Talavera, Oleksandr
dc.date 2006
dc.date.accessioned 2013-10-16T07:00:26Z
dc.date.available 2013-10-16T07:00:26Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18529
dc.identifier ppn:519891546
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18529
dc.description 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 effect on the firm's probability of survival. We test this proposition using German Socio-Economic Panel (GSOEP) data, which cover the period 1984{2004. The release from financial constraints is measured by inheritance. The empirical analysis confirms that the entrepreneur has a higher propensity to stay in business when she inherits capital. This effect is particularly strong for entrepreneurs that switch from self-employment into wage employment. These results are consistent with hypothesis that financial frictions have a perceptible impact on bankruptcy among small business firms.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 636
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G30
dc.subject J20
dc.subject L10
dc.subject ddc:330
dc.subject Entrepreneurship
dc.subject survival
dc.subject financial constraints
dc.title Small-Scale Business Survival and Inheritance: Evidence from Germany
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط