entrepreneurship activity. Our research design isolates idiosyncratic, quasi-random variation in stock market returns. An increase in … wealth on firm outcomes that corrects for the bias introduced by selection into entrepreneurship. An increase in stock market …

subsidy for entrepreneurship. I disagree. This Article argues that the preferential tax treatment of founders’ stock cannot be …

We use data on stock portfolios of Norwegian households to show that stock market wealth increases entrepreneurship by … entrepreneurship. Higher wealth causally increases firm profitability, an indication that it relaxes would-be entrepreneurs' financial …