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Deutsches Institut für Wirtschaftsforschung (DIW), Berlin >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18529
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schäfer, Dorothea | | en_US |
| dc.contributor.author | | Talavera, Oleksandr | | en_US |
| dc.date.accessioned | | 2009-01-28T15:47:45Z | | - |
| dc.date.available | | 2009-01-28T15:47:45Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18529 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | DIW-Diskussionspapiere 636 | | en_US |
| dc.subject.jel | | G30 | | en_US |
| dc.subject.jel | | J20 | | en_US |
| dc.subject.jel | | L10 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Entrepreneurship | | en_US |
| dc.subject.keyword | | survival | | en_US |
| dc.subject.keyword | | financial constraints | | en_US |
| dc.title | | Small-Scale Business Survival and Inheritance: Evidence from Germany | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 519891546 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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