| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16272 |
| 来源ID | Working Paper 16272 |
| The Capital Structure Decisions of New Firms | |
| Alicia M. Robb; David T. Robinson | |
| 发表日期 | 2010-08-19 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper investigates the capital structure choices that firms make in their initial year of operation, using restricted-access data from the Kauffman Firm Survey. Contrary to many accounts of startup activity, the firms in our data rely heavily on external debt sources such as bank financing, and less extensively on friends and family-based funding sources. This fact is robust to numerous controls for credit quality, industry, and business owner characteristics. The heavy reliance on external debt underscores the importance of well functioning credit markets for the success of nascent business activity. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w16272 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573945 |
| 推荐引用方式 GB/T 7714 | Alicia M. Robb,David T. Robinson. The Capital Structure Decisions of New Firms. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16272.pdf（267KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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