Publication
Title
The recent financial crisis, start-up financing, and survival
Author
Abstract
We investigate the effects of the recent financial crisis on start-up financing and survival using a dataset that covers all Belgian new business registrations between 2006 and 2009. We find that bank debt is the single most important source of funding, even for start‐ups founded during the crisis. However, start‐ups founded in crisis years use less bank debt and have a higher likelihood of bankruptcy, even after controlling for their creditworthiness. These effects are stronger for start-ups that are more dependent on bank debt, such as start-ups founded in bank dependent industries and start‐ups founded by entrepreneurs who are more likely to be financially constrained.
Language
English
Source (journal)
Journal of business finance & accounting. - Oxford
Publication
Oxford : 2018
ISSN
0306-686X [print]
1468-5957 [online]
Volume/pages
45:7-8(2018), p. 928-951
ISI
000440551000007
Full text (Publisher's DOI)
Full text (open access)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 14.08.2018
Last edited 20.07.2021
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