Entrepreneurs frequently work in highly unpredictable environments and are involved in a wide variety of tasks for which they are often ill prepared. Good mental health is of utmost importance to... Show moreEntrepreneurs frequently work in highly unpredictable environments and are involved in a wide variety of tasks for which they are often ill prepared. Good mental health is of utmost importance to adequately manage the challenges, adversity, and stressors that come with running a business. However, little is known about how mental health affects entrepreneurs and the performance of their businesses. Drawing on the literature of personality and entrepreneurial exit as well as on evidence from large-scale survey data on the relation between depression and entrepreneurial exit, we show that there is ample opportunity for research investigating the relation between mental health and entrepreneurship. Five directions for future research on this topic are highlighted. Show less
Andrieu, G.; Staglianò, R.; Zwan, P.W. van der 2017
This paper examines differences in the ability to obtain capital—bank loans and trade credit—between firms, industries, and countries using survey data on European small and medium-sized... Show moreThis paper examines differences in the ability to obtain capital—bank loans and trade credit—between firms, industries, and countries using survey data on European small and medium-sized enterprises (SMEs) from 2009 to 2014. The results show that firm age and firm size are positively linked to SMEs’ access to bank loans, but only firm size is positively related to the provision of trade credit. The results also provide em- pirical support for a complementary rather than a sub- stitutive effect between bank loans and trade credit. Manufacturing SMEs have a significantly higher likeli- hood of receiving bank loans and trade credit than non- manufacturing SMEs. We find differences across coun- tries in terms of the relevance of firm age and firm size for obtaining capital. In addition, we point at specific country-level variables that explain why obtaining credit is easier in some countries. We perform additional anal- yses to confirm our baseline results and provide direc- tions for future research. Show less
