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Cook, Lisa D.; Marx, Matt; Yimfor, Emmanuel - National Bureau of Economic Research - 2022

name-processing algorithms with clerical review to identify race for over 100,000 startup founders "at risk" for venture …

Persistent link: https://www.econbiz.de/10013462730

Entrepreneurial Finance and Non-diversifiable Risk

Chen, Hui - 2009

. More risk-averse entrepreneurs default earlier, but also choose higher leverage, even though leverage makes his equity more … risky. Non-diversified entrepreneurs demand both systematic and idiosyncratic risk premium. Cash-out option and external … equity further improve diversification and raise the entrepreneur's valuation of the firm. Finally, entrepreneurial risk …

Persistent link: https://www.econbiz.de/10012463800

The Burden of the Nondiversifiable Risk of Entrepreneurship

Hall, Robert E. - 2008

of idiosyncratic risk. We study this burden in the case of high-tech companies funded by venture capital. Over the past … attracting venture funding. Entrepreneurs with a coefficient of relative risk aversion of two and with less than $0.7 million ….4 million and the possibility of payoffs over $1 billion. We conclude that startups attract entrepreneurs with lower risk …

Persistent link: https://www.econbiz.de/10012464428

Minimum Viable Signal : Venture Funding, Social Movements, and Race

Marx, Matt; Wang, Qian; Yimfor, Emmanuel - National Bureau of Economic Research - 2024

How do venture capital investors react to social movements, including those that relate to historical underrepresentation in funding? We use image and name algorithms combined with clerical review to classify race for 150,000 founders and 30,000 investors. These data allow us to assess the...

Persistent link: https://www.econbiz.de/10015171630

Credit Supply Shocks and Firm Dynamics : Evidence from Brazil

Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - National Bureau of Economic Research - 2023

We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...

Persistent link: https://www.econbiz.de/10014372477

The Contribution of Foreign Master's Students to US Start-Ups

Beine, Michel; Peri, Giovanni; Raux, Morgan - National Bureau of Economic Research - 2024

In this paper, we estimate the effect of increasing the share of foreign-born Master graduates on the creation of innovative start-ups in the US. We combine information on international students graduating from Master's programs by university cohort with data on start-ups created in the US...

Persistent link: https://www.econbiz.de/10015171715

Everyone Steps Back? The Widespread Retraction of Crowd-Funding Support for Minority Creators when Migration Fear is High

Bai, Jianqiu; Kerr, William R.; Wan, Chi; Yorulmaz, … - National Bureau of Economic Research - 2024

We study funding gaps on Kickstarter across multiple ethnic groups from 2009-2021. Scaling the concept of racially salient events, we quantify the close co-movement of minority funding gaps in crowd-funding to inflamed political rhetoric surrounding migration. The funding gap for minorities more...

Persistent link: https://www.econbiz.de/10015145048

Hustling From Home? Work From Home Flexibility and Entrepreneurial Entry

Barrios, John M.; Hochberg, Yael V.; Yi, Hanyi - National Bureau of Economic Research - 2024

We investigate the influence of the growing trend of work-from-home (WFH) on new business formation, with a particular focus on the period surrounding the COVID-19 pandemic. At baseline, local new business entry is positively associated with the proportion of occupations amenable to telework in...

Persistent link: https://www.econbiz.de/10015171640

The Effect of Immigration Policy on Founding Location Choice : Evidence from Canada's Start-up Visa Program

Lee, Saerom; Glennon, Britta - National Bureau of Economic Research - 2023

To spur entrepreneurship and economic growth, an increasing number of countries have introduced immigration policies that provide visas to skilled entrepreneurs. This paper investigates whether these policies influence the founding location choice of immigrant founders, by leveraging the...

Persistent link: https://www.econbiz.de/10014337866

Of Academics and Creative Destruction : Startup Advantage in the Process of Innovation

Kolev, Julian; Haughey, Alexis; Murray, Fiona E. S.; … - National Bureau of Economic Research - 2022

What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of commercializing research from top U.S. universities; however, prior work has little to say on the particular advantages of startup ventures in the innovation process relative to more...

Persistent link: https://www.econbiz.de/10013362016