Business Conditions and Business Starts
Détails
ID Serval
serval:BIB_288233FFAA5D
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Business Conditions and Business Starts
Périodique
International Journal of the Economics of Business
ISSN
1357-1516
Statut éditorial
Publié
Date de publication
1996
Peer-reviewed
Oui
Volume
3
Numéro
3
Pages
295-306
Langue
anglais
Résumé
This paper analyses the effect of business conditions on new firm starts. The birth of new firms displays a pro-cyclical behaviour, more firms being created when GDP is growing fast and the interest rate is low. The entry response to industry profitability is tempered by the level of sunk costs; for a given profit signal, more entry occurs where sunk costs are low.
Mots-clé
Entry, Business starts, Sunk costs
Création de la notice
28/04/2017 14:24
Dernière modification de la notice
20/08/2019 14:08