This paper develops a political economy framework to explain the underlying financial mechanisms through which redistributive policies may affect both the relative level of per capita income growth rates, and the relative stability of growth paths across countries. It proposes that...

This paper examines whether equity-based financial slack in the form of relatively high levels of founding equity will systematically hurt new venture performance. Drawing on data on 445 single-founder new ventures over the period 2004-2007, it uses the propensity score matching method to...

Although the size of the informal economy is relatively large across Latin America and the Caribbean, it is not completely understood how deficiencies in the institutional environment may be related either to the propensity for entrepreneurship or the performance of entrepreneurs in the informal...

This study examines how consolidation activity in the credit union system may impact small business lending. Drawing on Canadian provincial-level data over the period 1992-2009, it provides systematic evidence which suggests that the size of credit unions has a statistically significant negative...

1. Introduction: Underdog Entrepreneurs Are Everywhere -- Part I The Outsider Problem -- 2. Being on the Outside of Powerful Mainstream Networks -- 3. Lacking Relevant Know-How -- 4. Being Subject to Stereotype-Driven Discrimination and Stereotype Threat -- Part II Code-Breaking Skills -- 5. A...