Long payment terms are a strong impediment to the entry and survival of liquidity‐
constrained firms. To test this idea and its implications, I consider the effect of a reform …

Small businesses are core to America's economic competitiveness. Not only do they employ
half of the nation's private sector workforce–about 120 million people–but since 1995 they …

Innovation ecosystems, including technology parks and incubators, endeavor to achieve a
high density of startups that is rich in social capital to help tenants evolve. Given the …

Using US Census firm-worker data, I document that firms' financial distress has an
economically important effect on employee departures to entrepreneurship. The impact is …

Entrepreneurship and volunteering seem very dissimilar activities–one involves starting a
business and the other giving freely of your time to benefit others. Yet both these forms of …

Purpose This study aims to empirically study the effect of process constraints and the
combinative effects of different constraints on enterprise digital transformation …

Bootstrapping, the pursuit of creative ways of acquiring resources in non-traditional ways, is
a defining entrepreneurial behavior in small and medium-sized enterprises (SMEs) …

As high unemployment rates linger following the latest recession, job opportunities can be
sparse, especially for older workers. This might prompt older Americans to seek out …

Small-business financing after the financial crisis – lessons from the literature | Emerald Insight
Books and journals Case studies Expert Briefings Open Access Publish with us Advanced …

Arthur B. Kennickell is assistant director in the Division of Research and Statistics at the
Board of Governors of the Federal Reserve System and a board member of the National …