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What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints
Blanchflower, David - 1990
The paper studies the factors which shape entrepreneurship among young adults. It finds, using data on a British birth …
Persistent link: https://www.econbiz.de/10012475785
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Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment
Bernstein, Shai; Mehta, Kunal; Townsend, Richard R.; … - National Bureau of Economic Research - 2022
We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives...
Persistent link: https://www.econbiz.de/10013172146
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Who Creates New Firms When Local Opportunities Arise?
Bernstein, Shai - 2018
New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local...
Persistent link: https://www.econbiz.de/10012480763
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Enabling Entrepreneurial Choice
Agrawal, Ajay K. - 2020
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...
Persistent link: https://www.econbiz.de/10012481574
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The Geography of Crowdfunding
Agrawal, Ajay K. - 2011
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10012461837
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Horatio Alger Meets the Mobility Tables
Holtz-Eakin, Douglas - 2000
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
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Public Entrepreneurial Finance around the Globe
Bai, Jessica; Bernstein, Shai; Dev, Abhishek; Lerner, Joshua - National Bureau of Economic Research - 2021
This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...
Persistent link: https://www.econbiz.de/10012510623
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Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links
Dunn, Thomas - 1996
The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...
Persistent link: https://www.econbiz.de/10012473223
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Entrepreneurial Decisions and Liquidity Constraints
Holtz-Eakin, Douglas - 1993
This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...
Persistent link: https://www.econbiz.de/10012474416
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Sticking it Out : Entrepreneurial Survival and Liquidity Constraints
Holtz-Eakin, Douglas - 1993
This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...
Persistent link: https://www.econbiz.de/10012474451