Ability or Finances as Constraints on Entrepreneurship?

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Ability or Finances as Constraints on Entrepreneurship?

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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


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