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Firm Closure, Financial Losses And The Consequences For An Entrepreneurial Restart

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Executive Summary

Many entrepreneurs who close a business are actually willing to venture anew. However, to realize a restart is not only a matter of willingness on the part of the entrepreneur but also of its feasibility. Regarding the feasibility of a restart, the aspect of capital acquisition might be particularly precarious for renascent entrepreneurs since business closures are likely to come up with financial losses. Financial losses arising from business closure can befall various stakeholders: shareholders, banks and public institutions, or suppliers and other stakeholders.

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