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Start-up Firms in the Financial Crisis

Author

Listed:
  • Catherine L. Mann

    (International Business School, Brandeis University)

Abstract

Start-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.

Suggested Citation

  • Catherine L. Mann, 2011. "Start-up Firms in the Financial Crisis," Rosenberg Global Financial Briefs 3, Brandeis University, Rosenberg Institute of Global Finance, International Businesss School.
    • Handle: RePEc:bui:rosgfb:03
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    File URL: http://www.brandeis.edu/global/about/centers/rosenberg/repec/wpapers/Global_Finance_Brief_Mann.pdf
    File Function: First version, 2011
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    Cited by:

    1. Joel , ISABIRYE, 2021. "Impact Of Economic Crises On Firms: A Literature Review," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 21(3), pages 225-250.
    2. Rensfeldt, Arvid & Pariyawong, Vorapat & Fujii, Hidemichi, 2015. "Corporate environmental management and GHG emissions changes: Empirical study of multinational automobile companies," MPRA Paper 66264, University Library of Munich, Germany.

    More about this item

    Keywords

    Start-up; job creation; jobs; financial crisis;
    All these keywords.

    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

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