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Scholars engage in extensive debate about the role of families and corporations in economic growth. Some propose that personal ties provide a mechanism for overcoming such transactions costs as asymmetrical information, while others regard familial connections as conduits for inefficiency, with...
Persistent link: https://www.econbiz.de/10012455628
industrialization. The empirical evidence indicates that middle-class women in France were extensively engaged in entrepreneurship and … groups into the market economy as managers and entrepreneurs …
Persistent link: https://www.econbiz.de/10012457812
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance … model of technology choice in which talented entrepreneurs can access either a diminishing-returns technology, or a more … entrepreneurial ability is important and persistent. For talented but low-wealth entrepreneurs, short-term access to credit can indeed …
Persistent link: https://www.econbiz.de/10012480290
entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …
Persistent link: https://www.econbiz.de/10012456767
We quantify the link between the timing of state-level implementations of political reservations for women in India … with the role of women in India's manufacturing sector. While overall employment of women in manufacturing does not …/informal sector. These new establishments were concentrated in industries where women entrepreneurs have been traditionally active and …
Persistent link: https://www.econbiz.de/10012458795
We consider the short-run responses of businesses and their owners to the introduction of Section 199A, a deduction implemented in 2018 that reduced the effective tax rate on pass-through business income. We study the deduction using several datasets derived from de-identified tax records of...
Persistent link: https://www.econbiz.de/10012510558
We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next...
Persistent link: https://www.econbiz.de/10012616584
Using surveys of firms around the world, we review existing evidence on how firms form their macroeconomic expectations. Several facts stand out. First, the mean inflation forecasts of firms often deviate significantly from those of professional forecasters and households. Second, disagreement...
Persistent link: https://www.econbiz.de/10013210070
In this paper we explore whether or not the experience as a founder of a venture capital-backed startup influences the performance of founders who become venture capitalists (VCs). We find that nearly 7% of VCs were previously founders of a venture-backed startup. Having a successful exit and...
Persistent link: https://www.econbiz.de/10013191001
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