banquedefranceBanque de France134165604769875558412/23/2020 - 09:05[Working paper] - Set-up costs, i.e., the initial capital expenditure required to start operating a #business in a given #industry, largely explain why young #firms need to borrow more and at longer maturities than seasoned firms. ➡ https://t.co/eUgq26eF8V #BdFeco