particular, by far the most important determinant of entrepreneurship is having background in a large number of different roles …

We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts—and the data confirm—that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …

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 …

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 …

aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …

consensus in the literature on empirical definitions. The goal of this paper is to propose an operational definition of … definitions, we document that opportunity entrepreneurship is generally pro-cyclical and necessity entrepreneurship is strongly … entrepreneurship is associated with the creation of more growth-oriented businesses. The operational definitions of opportunity and …

segregate into low-return industries and avoid entrepreneurship altogether. In this paper, we present a model of female … entrepreneurship and rule of law that predicts that women will only start businesses when they have both formal legal protection and …