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Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that … entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is …
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in the context of entrepreneurship, and in particular the key drivers behind them, makes it possible to develop policies …
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Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price ― in terms of an investor's required share of equity...
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impacts selection into entrepreneurship. We find that increased entry from the treated group was concentrated among …
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During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau …-lived. Using a 1998 Texas reform that allowed home equity lending for the rst time in the state, we isolate that entrepreneurship …
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