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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18529Full metadata record
| DC Field | Value | Language |
|---|---|---|
| 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 | - |
| Appears in Collections: | EconStor | |
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