%0 Journal Article %T Start-up financing, owner characteristics, and survival %+ Department of Management Sciences %A Astebro, Thomas %A Bernhardt, Irwin %< avec comité de lecture %@ 0148-6195 %J Journal of Economics and Business %I Elsevier %V 55 %N 4 %P 303-320 %8 2003-08 %D 2003 %R 10.1016/S0148-6195(03)00029-8 %K Bank loans %K Start-up business survival %K Forecast %Z Humanities and Social Sciences/Business administration/domain_shs.gestion.stratJournal articles %X We investigated the relation between the survival of new small businesses and bank loans. This was done using a model that included other loan sources, human capital variables, and company and industry descriptors. We found there is a negative correlation between having a bank loan and business survival, and a positive correlation between having a non-bank loan and survival. However, having a bank loan was a ceteris paribus positive predictor of the survival of start-up companies. Our findings enabled some inferences about the process of loan source selection by start-up business owners, and about the banks' loan granting process. %G English %L hal-00480047 %U https://hec.hal.science/hal-00480047 %~ SHS %~ HEC