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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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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| 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 |