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"This paper demonstrates that levels of entrepreneurship can be greatly affected by the general policy environment …. Using a state-level panel, we estimate the effects of several policy variables on rates of entrepreneurship and find that … bankruptcy exemptions, corporate tax rates, and the level of the minimum wage all affect a state's rate of entrepreneurship. For …
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The successful foundation of entrepreneurial firms comprises a multitude of complementary human tasks. Within entrepreneurial teams, the effect of founders' human capital on firm success hinges on the information structure that prevails when nascent entrepreneurs are matched in partnerships....
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