Start-up Firms in the Financial Crisis
AbstractStart-up firms are a key feature of the U.S. econoomy. Annually, start-ups account for about 20 percent of all companies. On average, they create 3 million jobs per year, somewhat more than 5 percent of total job creation. But, by 2009, in the depths of the Great Recession, the rate of job creation at start-ups has fallen significantly, to about 2 million jobs per year, as a result of fewer start-ups and/or fewer jobs at each start-up. Although job creation at start-ups should increase as the economy recovers, it is worth asking whether the financial crisis will have a lasting effect.
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Bibliographic InfoPaper provided by Brandeis University, Rosenberg Institute of Global Finance, International Businesss School in its series Rosenberg Global Financial Briefs with number 3.
Length: 3 pages
Date of creation: 2011
Date of revision:
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Web page: http://www.brandeis.edu/global/about/centers/rosenberg/global-briefs.html
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Start-up; job creation; jobs; financial crisis;
Find related papers by JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-30 (All new papers)
- NEP-ENT-2012-09-30 (Entrepreneurship)
- NEP-SBM-2012-09-30 (Small Business Management)
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