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. Education and entrepreneurship are both influenced by other related factors. The current study estimates causal effects of … formal education on entrepreneurship outcomes by instrumenting for an individual's years of schooling using cohort mean years … education for men. The results suggest that formal education enhances entrepreneurship. …
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entrepreneurs and 120 spin-out companies to understand what led an entrepreneur or a group of founders to enter a new industry. Our … results contribute to theory, suggesting that spin-out entrepreneurs usually move to different and innovative industries owing …
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