entrepreneurship. We highlight two main characteristics of the program that make it attractive as an entrepreneurship policy: early … the incidence of biomedical entrepreneurship through SBIR and describe some of the characteristics of these individuals …

on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on …We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … differentiates between entrepreneurs and other self-employed to address puzzling gaps that have emerged between theory and evidence …

We examine the relationship between house prices and entrepreneurship using micro data from the US Census Bureau …. Increases in house prices are often thought to drive entrepreneurship through unlocking the collateral channel for bank loans … effects (i.e., that people with more valuable homes are more likely to enter entrepreneurship for reasons other than access to …

soliciting the current client in the event of termination of employment. The socially optimal level of entrepreneurship will … are too restrictive and produce too little entrepreneurship, and governments can increase welfare by limiting enforcement …

Financing constraints are one of the biggest concerns impacting potential entrepreneurs around the world. Given the … important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … for would-be entrepreneurs is also an important goal for policymakers worldwide. We review two major streams of research …

Entrepreneurs face significant non-diversifiable business risks. We build a dynamic incomplete markets model of … entrepreneurial finance to demonstrate the important implications of nondiversifiable risks for entrepreneurs' interdependent …. More risk-averse entrepreneurs default earlier, but also choose higher leverage, even though leverage makes his equity more …

In the standard venture capital contract, entrepreneurs have a large fraction of equity ownership in the companies they … to those whose companies go public or are acquired on favorable terms, forcing entrepreneurs to bear a substantial burden … attracting venture funding. Entrepreneurs with a coefficient of relative risk aversion of two and with less than $0.7 million …

firms (entrepreneurship) and the average quality of management (meritocracy). Legal reform also reduces financial … improve meritocracy at the expense of entrepreneurship. As a result, legal reform encounters less political opposition than …