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Liquidity constraints, household wealth, and entrepreneurship revisited

Fairlie, Robert W.; Krashinsky, Harry A. - 2011

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth - net housing equity - for the two groups. Second, we examine the liquidity … probability of entrepreneurship by 17 percent and that the effect is not concentrated at the upper tail of the distribution. These …

Persistent link: https://www.econbiz.de/10010288115

Why Are Black-Owned Businesses Less Successful than White-Owned Businesses? : The Role of Families, Inheritances, and Business Human Capital

Fairlie, Robert W.; Robb, Alicia M. - 2004

Four decades ago, Nathan Glazer and Daniel Patrick Moynihan made the argument that the black family "was not strong enough to create those extended clans that elsewhere were most helpful for businessmen and professionals." Using data from the confidential and restricted access Characteristics of...

Persistent link: https://www.econbiz.de/10010262040

It's the opportunity cost, stupid!: How self-employment responds to financial incentives of return, risk and skew

Berkhout, Peter; Hartog, Joop; van Praag, Mirjam - 2011

There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...

Persistent link: https://www.econbiz.de/10010282326

Entrepreneurship Selection and Performance

van der Sluis, Justin; van Praag, Mirjam; Vijverberg, Wim - 2003

This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and … entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …

Persistent link: https://www.econbiz.de/10010324769

Initial Capital Constraints hinder Entrepreneurial Venture Performance

van Praag, Mirjam; de Wit, Gerrit; Bosma, Niels - 2003

This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this...

Persistent link: https://www.econbiz.de/10010325072