The role of legal status in influencing bank financing and new firm growth
The role of legal status in influencing bank financing and new firm growth
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DOI：
10.1080/00036849400000068
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发表时间：
1994-02
影响因子：
2.2
通讯作者：
D. Storey
中科院分区：
文献类型：
--
作者：
D. Storey
本文考察了新公司创立者的特征，他们使用清算银行的贷款和透支来为其业务提供初始资金。银行对新公司的贷款似乎与创始人的个人特征无关，而是与个人是否提供个人储蓄和企业的法律地位有关。这与影响新公司成长的因素形成了鲜明对比。在这里，创始人的年龄、就业状况和出生地与较大的公司有关。唯一似乎持续影响银行贷款和企业就业增长的变量是企业是否为有限责任公司。
This paper examines the characteristics of new firm founders who use loans and overdrafts from the clearing banks to finance initially their business. Bank lending to new firms appears unrelated to the personal characteristics of founders, but related to whether individuals provide personal savings and the legal status of the business. This contrasts with the factors which influence the growth of new firms. Here, the founder's age, employment status and birthplace are associated with larger firms. The only variable which appears to influence consistently both bank lending and the employment growth in firms is whether or not the business is a limited company.