Arbeitspapier
Initial Capital Constraints hinder Entrepreneurial Venture Performance
This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this article is that the authors are able—due to their comprehensive data set—to measure the influence of capital constraints more directly. The authors find that initial capital constraints during the start-up phase of business have quite a substantial negative influence on performance as measured by the survival probability of the venture and entrepreneurial earnings. These results appear quite robust.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 03-047/3
- Klassifikation
-
Wirtschaft
- Thema
-
entrepreneurship
small business founders
success
venture performance
wealth/capital/borrowing constraint.
Entrepreneurship-Ansatz
Unternehmensgründung
Liquiditätsbeschränkung
Schätzung
Niederlande
- Ereignis
-
Geistige Schöpfung
- (wer)
-
van Praag, Mirjam
de Wit, Gerrit
Bosma, Niels
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- van Praag, Mirjam
- de Wit, Gerrit
- Bosma, Niels
- Tinbergen Institute
Entstanden
- 2003