How speeding up payments to small businesses creates jobs
- Written by Jean-Noel Barrot, Assistant Professor of Finance, MIT Sloan School of Management
Operating a small business, the backbone of the U.S. economy, has always been tough.
But they’ve also been disproportionately hurt by the Great Recession, losing 40 percent more jobs than the rest of the private sector combined.
Interestingly, as my research with Harvard’s Ramana Nanda shows there’s a fairly straightforward way...
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