We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been impacted less by the crisis in terms of the establishment of new...

Previous research has focused on the economic effects of entrepreneurship, but little is known about how promoting entrepreneurship affects societies. Focusing on community crime as a key societal outcome, we posit that initiatives fostering new venture creation through lower barriers to...