NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Capital Structure Decisions of New Firms

Alicia M. Robb, David T. Robinson

NBER Working Paper No. 16272
Issued in August 2010

---- Acknowledgements -----

The authors are grateful to the Kauffman Foundation for generous financial support. Malcolm Baker, Thomas Hellmann, Antoinette Schoar, Ivo Welch, and seminar participants at the Kauffman/Cleveland Federal Reserve Bank Entrepreneurial Finance Conference, the University of Michigan, the Stockholm School of Economics, the Atlanta Fed, and the NBER Summer Institute Entrepreneurship Meetings and the Kauffman/RFS conference on entrepreneurial finance provided helpful comments on previous drafts. Juan Carlos Suarez Serrato provided expert research assistance. The usual disclaimer applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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