Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/18529 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorSchäfer, Dorotheaen
dc.contributor.authorTalavera, Oleksandren
dc.date.accessioned2009-01-28T15:47:45Z-
dc.date.available2009-01-28T15:47:45Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/18529-
dc.description.abstractIn 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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x636en
dc.subject.jelG30en
dc.subject.jelJ20en
dc.subject.jelL10en
dc.subject.ddc330en
dc.subject.keywordEntrepreneurshipen
dc.subject.keywordsurvivalen
dc.subject.keywordfinancial constraintsen
dc.titleSmall-Scale Business Survival and Inheritance: Evidence from Germany-
dc.typeWorking Paperen
dc.identifier.ppn519891546en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp636en

Datei(en):
Datei
Größe
317.11 kB





Publikationen in EconStor sind urheberrechtlich geschützt.