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We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly meetings for one year, and into a “no- meetings” control...
Persistent link: https://www.econbiz.de/10012966933
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics and innovation activities. We find uniformly...
Persistent link: https://www.econbiz.de/10012892563
The US economy has undergone a number of puzzling changes in recent decades. Large firms now account for a greater share of economic activity, new firms are being created at a slower rate, and workers are getting paid a smaller share of GDP. This paper shows that changes in population growth...
Persistent link: https://www.econbiz.de/10012906315
We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that startups that win...
Persistent link: https://www.econbiz.de/10012960171
in operation. The data show that serial entrepreneurship is relatively uncommon in retail trade. Of the almost 2 … time, or fourth time, and so on, keeps rising. Moreover, we find that an owner's prior experience at starting a business … increases the longevity of the next business opened, and that controlling for person fixed effects, prior experience still …
Persistent link: https://www.econbiz.de/10013050291
Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality … cycles as a driver of high-growth entrepreneurship, our results highlight the role of economic and institutional conditions …
Persistent link: https://www.econbiz.de/10012996381
A central challenge in the measurement of entrepreneurship is accounting for the wide variation in entrepreneurial … quality distribution. Second, we propose two new economic statistics for the measurement of entrepreneurship: the … Entrepreneurship Quality Index (EQI) and the Regional Entrepreneurship Cohort Potential Index (RECPI). We use these indices to offer a …
Persistent link: https://www.econbiz.de/10013028060
Managers of private entrepreneurial firms face obstacles in raising capital both in placing a value on a firm and conveying value to investors. These problems are exacerbated when the firm is small, has limited assets (except for human capital) and has yet to have a lead product. In such cases...
Persistent link: https://www.econbiz.de/10012749932
The view that small businesses create the most jobs remains appealing to policymakers and small business advocates. Using data from the Census Bureau Business Dynamics Statistics and Longitudinal Business Database, we explore the many issues at the core of this ongoing debate. We find that the...
Persistent link: https://www.econbiz.de/10013069389
”) experience the greatest financial constraints to growth, while the growth of small, mature firms is least financially constrained …
Persistent link: https://www.econbiz.de/10013011462