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An extensive empirical literature has documented the positive growth effects of equity market liberalization. However, this line of research ignores the impact of financial integration on a category of firms crucial for economic development, i.e. the small entrepreneurial firms. This paper aims...
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covariates to differ across the various entrepreneurial engagement levels. Data from two Entrepreneurship Flash Eurobarometer …
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: latent and actual entrepreneurship. Latent entrepreneurship is measured by the probability of a declared preference for self … perception of lack of available financial support in the latent entrepreneurship equation. …
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characteristic but it is also uncertain. In that perspective, the role of entrepreneurship is to take on the corresponding risk by … on both variables, entrepreneurship and economic performance, simultaneously. We find significant impact of … entrepreneurship capital on economic output. On the other hand, spatially specific entrepreneurship capital is shaped by regional …
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Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
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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...
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