On the relationship between household wealth and entrepreneurship

On the relationship between household wealth and entrepreneurship

Motivated by a substantial number of startup owners with negative household net worth, I present a model that incorporates credit borrowing into Evans and Jovanovic [1989]. The estimated model generates no relationship between household wealth and the propensity for business entry. Ignoring credit b...

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Bibliographic Details
Main Author: LEE, Jungho
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
entrepreneurship
financial constraints
credit borrowing
Behavioral Economics
Entrepreneurial and Small Business Operations
Industrial Organization
Online Access:https://ink.library.smu.edu.sg/soe_research/2104
https://ink.library.smu.edu.sg/context/soe_research/article/3104/viewcontent/Entrepreneurship_Wealth_2017_wp.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2104
https://ink.library.smu.edu.sg/context/soe_research/article/3104/viewcontent/Entrepreneurship_Wealth_2017_wp.pdf

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