Success of start-up firms: the role of financial constraints

被引：32
作者：
Stucki, Tobias [1 ]
机构：
[1] ETH, KOF Swiss Econ Inst, CH-8092 Zurich, Switzerland
来源：
INDUSTRIAL AND CORPORATE CHANGE | 2014年 / 23卷 / 01期
关键词：
M13; L25; G32; SURVIVAL; ENTRY; INVESTMENT; GROWTH; DETERMINANTS; INNOVATION; EVOLUTION; PRODUCT; IMPACT;
D O I：
10.1093/icc/dtt008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Although there are some studies that empirically test the impact of financial constraints on the success of start-ups, the persistence of this impact is not well understood. Using survey data for a cohort of Swiss start-ups that were observed during a period of 10 years, we find that financial constraints are not only a problem of the first years. Although the negative impact of financial constraints on firm survival disappears with increasing age of the firms, profit is persistently negatively affected by financial constraints.
引用
收藏
页码：25 / 64
页数：40
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