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Do SBA Loans Create Jobs?
Brown, J. David; Earle, John S. - 2013
Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....
Persistent link: https://www.econbiz.de/10010319511
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Finance, Gender, and Entrepreneurship: India's Informal Sector Firms
Gang, Ira N.; Natarajan, Rajesh Raj; Sen, Kunal - 2020
How does informal economic activity respond to increased financial inclusion? Does it become more entrepreneurial? Does access to new financing options change the gender configuration of informal economic activity and, if so, in what ways and what directions? We take advantage of nationwide data...
Persistent link: https://www.econbiz.de/10012322653
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Public equity markets and innovation
Bernstein, Shai - 2017
This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...
Persistent link: https://www.econbiz.de/10011853002
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Better means more: property rights and high-growth aspiration entrepreneurship
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - 2009
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10010271286
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Are Entrepreneurs Aware of Covered Interest Parity and Dollar Shortage?
Nariman, Farhad; Heshmati, Almas - 2022
the broad dollar index. Since 2008, the broad dollar index has been used as an indicator of a bank’s risk appetite. This … the reason why the broad dollar index has become a risk (leverage) gauge since 2008 using the Covered Interest Parity (CIP …). CIP can be viewed as a reflection of the shadow price of a bank’s balance sheet, which reflects how risky the situation is …
Persistent link: https://www.econbiz.de/10013351755
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The radical innovation investment decision refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim A. - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
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Risk, balanced skills and entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; van Praag, Mirjam - 2011
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …
Persistent link: https://www.econbiz.de/10010282614
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Risk Preference and Entrepreneurial Investment at the Top of the Wealth Distribution
Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2020
We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …
Persistent link: https://www.econbiz.de/10012497852