dc.contributor.author | Deloof, M | |
dc.contributor.author | Vanacker, T | |
dc.date.accessioned | 2019-03-05T12:41:56Z | |
dc.date.issued | 2018-05-23 | |
dc.description.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. | en_GB |
dc.description.sponsorship | National Bank of Belgium | en_GB |
dc.description.sponsorship | Hercules Foundation | en_GB |
dc.identifier.citation | Vol. 45, pp. 928 - 951 | en_GB |
dc.identifier.doi | 10.1111/jbfa.12319 | |
dc.identifier.uri | http://hdl.handle.net/10871/36284 | |
dc.language.iso | en | en_GB |
dc.publisher | Wiley | en_GB |
dc.rights.embargoreason | Under embargo until 23 May 2020 in compliance with publisher policy. | |
dc.rights | © 2018 John Wiley & Sons Ltd | en_GB |
dc.subject | credit availability | en_GB |
dc.subject | Entrepreneurial finance | en_GB |
dc.subject | Start-up financing | en_GB |
dc.subject | financial crisis | en_GB |
dc.subject | survival | en_GB |
dc.title | The recent financial crisis, start-up financing and survival | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2019-03-05T12:41:56Z | |
dc.identifier.issn | 0306-686X | |
dc.description | This is the author accepted manuscript. The final version is available from the publisher via the DOI in this record | en_GB |
dc.identifier.journal | Journal of Business Finance and Accounting | en_GB |
dc.rights.uri | http://www.rioxx.net/licenses/all-rights-reserved | en_GB |
dcterms.dateAccepted | 2018-05-11 | |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2018-07-01 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2019-03-05T12:38:20Z | |
refterms.versionFCD | AM | |
refterms.panel | C | en_GB |