The capital structure decisions of new firms

The capital structure decisions of new firms

by Alicia M. Robb

Book 16272 of NBER working paper series -- working paper

Join Readfeed freeFind clubs reading this
Rate this book:

Browse books you can read free on Readfeed

No club is reading this yet — be the first to start one

Start a club free
About
"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"--National Bureau of Economic Research web site.

Discuss The capital structure decisions of new firms with other readers

Join or start a book club for The capital structure decisions of new firms on Readfeed. Live chat, shared reading progress, and AI discussion questions — free to get started.

Sign up freeBrowse book clubs

Frequently asked questions

How do I join a book club for The capital structure decisions of new firms?

Sign up free on Readfeed, then browse public clubs or start your own club with The capital structure decisions of new firms as the current read. Invite friends with a share link and discuss together with live chat and AI discussion questions.

Can I discuss The capital structure decisions of new firms with other readers online?

Yes. Readfeed book clubs let you chat live, share progress, and join discussions about The capital structure decisions of new firms with readers worldwide — whether your club is virtual, in-person, or hybrid.

Is Readfeed free?

Yes. Creating an account and joining book clubs is free. Sign up to find readers who love the same books and start discussing today.