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We use a natural experiment in Denmark to test the hypothesis that aspiring entrepreneurs face financial constraints because of low entrepreneurial quality. We identify 304 constrained entrepreneurs who start a business after receiving windfall wealth and examine the performance of these...
Persistent link: https://www.econbiz.de/10012142372
"This paper demonstrates that levels of entrepreneurship can be greatly affected by the general policy environment …. Using a state-level panel, we estimate the effects of several policy variables on rates of entrepreneurship and find that … bankruptcy exemptions, corporate tax rates, and the level of the minimum wage all affect a state's rate of entrepreneurship. For …
Persistent link: https://www.econbiz.de/10003115154
Persistent link: https://www.econbiz.de/10001974199
Persistent link: https://www.econbiz.de/10001974892