Showing 1 - 10 of 23
We exploit a mortgage reform that differentially unlocked home equity across the Danish population and study how this impacted selection into entrepreneurship. We find that increased entry was concentrated among entrepreneurs whose firms were founded in industries where they had no prior work...
Persistent link: https://www.econbiz.de/10013202284
Persistent link: https://www.econbiz.de/10003862102
Persistent link: https://www.econbiz.de/10003436690
Persistent link: https://www.econbiz.de/10003908992
Persistent link: https://www.econbiz.de/10008902614
During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau data that most of this entry is related to construction and real estate; these entrants tend to be small and short-lived. Using a 1998 Texas reform that allowed home equity lending...
Persistent link: https://www.econbiz.de/10011305112
Persistent link: https://www.econbiz.de/10011336639
Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price ― in terms of an investor's required share of equity...
Persistent link: https://www.econbiz.de/10009772647
Persistent link: https://www.econbiz.de/10010431374
We exploit a Danish mortgage reform that differentially unlocked home equity across the population and study how this impacts selection into entrepreneurship. We find that increased entry from the treated group was concentrated among entrepreneurs whose firms were founded in industries where...
Persistent link: https://www.econbiz.de/10010411451