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Founding Teams and Startup Performance
Choi, Joonkyu; Goldschlag, Nathan; Haltiwanger, John C.; … - National Bureau of Economic Research - 2021
created at firm formation and is inalienable from the founding team itself. To test this hypothesis, we exploit premature … deaths to identify the causal impact of losing a founding team member on startup performance. We find that the exogenous … separation of a founding team member due to premature death has a persistently large, negative, and statistically significant …
Persistent link: https://www.econbiz.de/10012482633
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Entrepreneurship During the COVID-19 Pandemic : Evidence from the Business Formation Statistics
Haltiwanger, John C. - National Bureau of Economic Research - 2021
Applications for new businesses from the U.S. Census Bureau's monthly and weekly Business Formation Statistics (BFS) fell substantially in the early stages of the pandemic but then surged in the second half of 2020. This surge has continued through May 2021. The pace of applications since...
Persistent link: https://www.econbiz.de/10012585396
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Dynamism Diminished : The Role of Housing Markets and Credit Conditions
Davis, Steven J. - 2019
The Great Recession and its aftermath saw the worst relative performance of young firms in at least 35 years. More broadly, as we show, young-firm activity shares move strongly with local economic conditions and local house price growth. In this light, we assess the effects of housing prices and...
Persistent link: https://www.econbiz.de/10012479422
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The Slow Growth of New Plants : Learning about Demand?
Foster, Lucia - 2012
It is well known that new businesses are typically much smaller than their established industry competitors, and that this size gap closes slowly. We show that even in commodity-like product markets, these patterns do not reflect productivity gaps, but rather differences in demand-side...
Persistent link: https://www.econbiz.de/10012460806