Lack of capital (liquidity constraints) is one of the oldest explanations advanced to explain lack of firm entry, performance, and survival. In this paper, we model each of these business steps in a causal chain by testing the liquidity constraints theory.
Venancio, Ana and Lima, Francisco
"DOES MONEY MAKE THE ENTREPRENEURIAL WORLD GO ROUND? (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 10.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss3/10