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 … enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses …

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 …

high- as opposed to low-barrier fields. The wealth and educational background characteristics potential entrepreneurs …