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

Stucki, Tobias (2014). Success of start-up firms: the role of financial constraints Industrial and Corporate Change, 23(1), pp. 25-64. 10.1093/icc/dtt008

Text Stucki - 2014 - Success of start-up firms the role of financial constraints.pdf - Published Version Restricted to registered users only Available under License Publisher holds Copyright. Download (251kB) | Request a copy

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.

Item Type:	Journal Article (Original Article)
Division/Institute:	Business School > Institute for Sustainable Business Business School
Name:	Stucki, Tobias0000-0002-2400-0107
ISSN:	0960-6491
Language:	English
Submitter:	Tobias Stucki
Date Deposited:	29 Jan 2019 14:44
Last Modified:	18 Dec 2020 13:27
Publisher DOI:	10.1093/icc/dtt008
ARBOR DOI:	10.24451/arbor.87
URI:	https://arbor.bfh.ch/id/eprint/87