This paper examines if Minority small business borrowers have the same access to loans from financial institutions as similar White borrowers. Using matching methods, we find that African-American borrowers are rejected at a higher rate (17-33% higher) than similar risk White-owned firms. We...

The conventional wisdom has maintained that being in proximity to entrepreneurial ecosystems helps startups to raise financing, develop and grow. In this paper, we examine the effect of a major component of an entrepreneurial ecosystem-financial or venture capital clusters on the exit of a...