Drivers of entrepreneurial entry are investigated in this study by examining how entry intosmall-business ownership is shaped by industry-specific constraints. The human- andfinancial-capital endowments of potential entrepreneurs entering firms in various industriesare shown to differ...

This study examines causes of black/white gaps in business ownership and self-employmentrates by analyzing small-business entry and exit patterns. We proceed by recognizingheterogeneity in business ownership across different industry groups: a classification of firmsby human- and...