We study entrepreneurs’ start‐up financing from banks and local financiers. An informal network, whose membership … cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local … absence of a network. Thus, the formation of the network is inefficient as entrepreneurs incur networking costs for purely …

data set on Dutch entrepreneurs in 1995, we obtain findings that are broadly consistent with the theoretical model …. Instrumental variable estimates indicate that a 1 percentage point relaxation of capital constraints increases entrepreneurs' gross … business incomes by 3.9 percent on average. Also, education enhances entrepreneurs' performance both directly - with a rate of …

likely to become entrepreneurs. By not havingtaken this possible linkage into account, previous research has underestimated …

and nascent intrapreneurship. Nascent entrepreneurs tend to leverage their general human capital and social ties to …

shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering … credentials of highly educated potential entrepreneurs, in particular, predict avoidance of small-firm ownership in some …