EconPapers    
Economics at your fingertips  
 

Small Business Financing: Differences Between Young and Old Firms

Alicia M. Robb
Additional contact information
Alicia M. Robb: Federal Reserve Board of Governors

Journal of Entrepreneurial Finance, 2002, vol. 7, issue 2, 45-64

Abstract: Financial capital is necessary not only for business formation but also for business survival and expansion: its role is well documented in the literature. While venture capital and IPOs often make the popular press, the fact is most firms are unable to tap into this market. Instead, they depend on owner equity, other private equity, and debt financing. Survey data from the Federal Reserve Board allow an in depth look at the patterns of small business financing in the late nineties. Evidence suggests that debt financing for small businesses was extremely important, especially for young firms.

Keywords: Financing; Firm Age; Access to Capital; Small Business; Small Firm (search for similar items in EconPapers)
JEL-codes: G32 M13 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://jefsite.org/RePEc/pep/journl/jef-2002-07-2-e-robb.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pep:journl:v:7:y:2002:i:2:p:45-64

Access Statistics for this article

More articles in Journal of Entrepreneurial Finance from Pepperdine University, Graziadio School of Business and Management Contact information at EDIRC.
Series data maintained by Craig Everett ().

 
Page updated 2017-09-29
Handle: RePEc:pep:journl:v:7:y:2002:i:2:p:45-64