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Home ownership and home equity promote entrepreneurial activity

Hassink, Wolter H. J.; Millone, Matteo; Mocking, Remco; … - 2021

This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business with unlimited liability. We used administrative data on...

Persistent link: https://www.econbiz.de/10012485842

House Prices, Home Equity and Entrepreneurships

Corradin, Stefano - 2013

How does home ownership affect new business creation? We develop a model of career choice in the presence of liquidity constraints in which shocks to the value of real estate affect the propensity of potential entrepreneurs to borrow against the value of their property. Using a large US...

Persistent link: https://www.econbiz.de/10013082537

House money and entrepreneurship

Pekkala Kerr, Sari; Kerr, William R.; Nanda, Ramana - 2015

During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau data that most of this entry is related to construction and real estate; these entrants tend to be small and short-lived. Using a 1998 Texas reform that allowed home equity lending...

Persistent link: https://www.econbiz.de/10011305112

Homeownership and entrepreneurship : the role of commitment and mortgage debt

Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2013

We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … where homeowners commit a fixed budget to mortgage payments. Our model predicts that: (i) mortgage commitments, by … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …

Persistent link: https://www.econbiz.de/10009753007

Homeownership and entrepreneurship : the role of mortgage debt and commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the … rate of interest on liquid wealth: (i) mortgage debt, by amplifying risk aversion, diminishes the likelihood that …

Persistent link: https://www.econbiz.de/10010425992

Homeownership and Entrepreneurship : The Role of Mortgage Debt and Commitment

Bracke, Philippe - 2014

Persistent link: https://www.econbiz.de/10013044547

Financing Constraints, Home Equity and Selection into Entrepreneurship

Jensen, Thais Laerkholm; Leth‐Petersen, Søren; … - 2021

We exploit a mortgage reform that differentially unlocked home equity across the Danish population and study how this …

Persistent link: https://www.econbiz.de/10013222760

Mortgage Deposits and Entrepreneurship : Evidence From Spatial Discontinuity in Help-to-Buy Equity Loans

Szumilo, Nikodem - 2019

mortgage deposit requirements and entrepreneurship activity at the local level. We contribute to the literature on the … the Greater London Authority boundary. Our results show that lower mortgage deposit requirements increase entrepreneurial …

Persistent link: https://www.econbiz.de/10012864061

House prices, home equity and entrepreneurships

Corradin, Stefano; Popov, Alexander - 2013

Persistent link: https://www.econbiz.de/10009766423

House Prices, Home Equity and Entrepreneurship : Evidence from U.S. Census Micro Data

Kerr, Sari Pekkala - 2015

We use Census micro data to shed new light on how growth in house prices boosts US entrepreneurship. At the height of the 2007 real estate boom, 5% of self-employed individuals and 12% of employer-businesses used home equity to partly or wholly finance a new business. Despite this frequency,...

Persistent link: https://www.econbiz.de/10013017499

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