Katalog GES



Small Business Survival and Inheritance: Evidence from Germany

This paper investigates whether small businesses face financial constraints that affect their survival. A model of moral hazard is developed in which financial constraints arise endogenously. The model predicts that higher private assets relax financial constraints and have a positive effect on... Full description

1st Person: Schäfer, Dorothea
Additional Persons: Talayera, Oleksandr
Source: in Small Business Economics Vol. 32, No. 1 (2009), p. 95-109
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Type of Publication: Article
Language: English
Published: 2009
Keywords: Entrepreneurship
Survival
Financial constraints
G30
J20
L10
L26
Online: Volltext
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