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oai:www.ideals.illinois.edu:2142/85599 2023-07-11 col_2142_5131 col_2142_14830 com_2142_5130 com_2142_14829 com_2142_8903

Stefan Krasa Herranz Gonzalez, Maria De Las Nieves 2015-09-25T22:47:32Z 2015-09-25T22:47:32Z 10000-01-01 2009 2009 This thesis studies the characteristics of small firms in the US using data from the Survey of Small Business Finances (SSBF). The first chapter examines how the owners of small firms use decisions about legal organization, firm size, capital structure, and owner investment in the firm to manage firm risk and also finds the return on assets to be described as a very risky undertaking with high upside gain. The second chapter constructs a dynamic, computable model with heterogeneous agents and endogenous default in which entrepreneurs weigh a firm's current and future returns and uses it to match the SSBF data. The third chapter uses the cross-section of data contained in the same survey to estimate the survival probabilities of small firms both along their life-cycle and the business cycle. Made available in DSpace on 2015-09-25T22:47:32Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3392066.pdf: 1897572 bytes, checksum: 39840adf5bdd6b32d04d34ab9752a9d0 (MD5) Previous issue date: 2009 Embargo set by: Seth Robbins for item 86880 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 129 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2009. http://hdl.handle.net/2142/85599 (MiAaPQ)AAI3392066 eng Economics, Theory Small Firms in the U.S. Economy, Three Essays text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.