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This work contains papers reporting on the structure, utilization and analytic concerns arising from the use of the major datasets in small business and entrepreneurship research including: the National Federation of Independent Businesses surveys; US Small Business Administration datasets; the...
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This paper empirically examines the evaluations of 537 ventures in high-growth industries performed by 251 experienced entrepreneurs, investors, and executives. These experts evaluated ventures by reading succinct summaries of the ventures, without meeting the founding teams, and their...
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Across a broad range of equipment types and industries, we document a pattern of local capital reallocation from older firms to younger firms. Start-ups purchase a disproportionate share of old physical capital previously owned by more mature firms. The evidence is consistent with financial...
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Using a representative sample of entrepreneurs who are in the process of starting a business, this paper investigates the determinants of the preparation of financial statements and projections in start-up ventures. Consistent with predictions from information economics and contracting, I find...
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