Showing 1 - 10 of 15
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 …
Persistent link: https://www.econbiz.de/10012457210
Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that … entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is …
Persistent link: https://www.econbiz.de/10012458309
We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using … point increase in entrepreneurship, equivalent to a 4% increase in the number of entrepreneurs. New entrants were more … benefit from the reform. Our results provide evidence that credit constraints do affect entrepreneurship, but that the overall …
Persistent link: https://www.econbiz.de/10012458082
Our paper demonstrates that while failure tolerance by investors may encourage potential entrepreneurs to innovate, financiers with investment strategies that tolerate early failure endogenously choose to fund less radical innovations. Failure tolerance as an equilibrium price that increases in...
Persistent link: https://www.econbiz.de/10012459282
of entrepreneurship and policies to create a favorable environment for entry. Such influences, however, are hard to … entrepreneurship rates of students without an entrepreneurial background, but in a more complex way than the literature has previously … suggested: A higher share of entrepreneurial peers leads to lower rather than higher subsequent rates of entrepreneurship …
Persistent link: https://www.econbiz.de/10012461739
The question of how entrepreneurship relates to income mobility is cogent given the current public debate about the … sources of income inequality and mobility in United States society. We examine how experience with entrepreneurship has … distribution over time, and to see how their mobility (or lack thereof) was affected by involvement with entrepreneurship. Our main …
Persistent link: https://www.econbiz.de/10012471152
. Such frictions can help explain part of the gender gap in entrepreneurship, and also have implications for how to design …
Persistent link: https://www.econbiz.de/10012480392
-documented relationships between economic growth, innovation, entrepreneurship and venture capital. Yet despite good intentions, many of these … launch sustained successful efforts to promote entrepreneurship over sustained periods. I highlight several critical …
Persistent link: https://www.econbiz.de/10012482064
important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …
Persistent link: https://www.econbiz.de/10012463151
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital …
Persistent link: https://www.econbiz.de/10012466069