Ability or Finances as Constraints on Entrepreneurship?

dc.contributor.author	Andersen, Steffen
dc.contributor.author	Meisner Nielsen, Kasper
dc.date.accessioned	2012-08-20
dc.date.accessioned	2012-08-21T13:51:13Z
dc.date.available	2012-08-21T13:51:13Z
dc.date.issued	2012-08-21
dc.identifier.uri	http://hdl.handle.net/10398/8499
dc.description.abstract	We use a natural experiment in Denmark to test the hypothesis that aspiring entrepreneurs face financial constraints because of low entrepreneurial quality. We identify 304 constrained entrepreneurs who start a business after receiving windfall wealth and examine the performance of these marginal entrepreneurs. We find that constrained entrepreneurs have significantly lower survival rates and lower profits when compared with a matched sample of unconstrained entrepreneurs. These results are consistent with the hypothesis that the marginal entrepreneur is of low quality.	en_US
dc.format.extent	44	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	Working paper;3-2012
dc.title	Ability or Finances as Constraints on Entrepreneurship?	en_US
dc.type	wp	en_US
dc.accessionstatus	modt12aug20 lbjl	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Økonomisk Institut	en_US
dc.contributor.departmentshort	ECON	en_US
dc.contributor.departmentuk	Department of Economics	en_US
dc.contributor.departmentukshort	ECON	en_US
dc.idnumber	x656701926	en_US
dc.publisher.city	Frederiksberg	en_US
dc.publisher.year	2012	en_US
dc.title.subtitle	Evidence from Survival Rates in a Natural Experiment	en_US