Small business lending programs designed to move disadvantaged low-income people into business ownership have been difficult to implement successfully in the U.S. context. Based in part on the premise that financing requirements are an entry barrier limiting the ability of aspiring entrepreneurs...

Drivers of entrepreneurial entry are investigated in this study by examining how entry into small-business ownership is shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering firms in various industries are shown to differ...

Census Bureau Characteristics of Business Owners (CBO)data are used to analyze representative, nationwide samples of small businessesthat began operations between 1989 and 1992 and closed between 1993 and 1996,but whose owners still considered the businesses a success at the time ofclosure....

Investigates small business longevity and financial capital structure using owner human capital measures and demographic traits as explanatory variables, including education level achieved, family background, and age of owner at business start. Data were obtained from a nationwide random sample...

This study analyzes the performance of investments made by venture capital (VC) funds that specialize in financing minority business enterprises (MBEs). We explore the hypothesis that financing MBEs offers attractive returns to VC funds because this market niche is underserved. Traits of the VC...