Brown, J. David; Davis, Steven J.; Foster, Lucia; … - 2024
The Census Bureau's Longitudinal Business Database (LBD) underpins many studies of firm-level behavior. It tracks …. The resulting Longitudinal Employer, Owner, and Financing (LEOF) database contains more than 3 million observations at the …. Using the LEOF database, we document trends in owner demographics and financing patterns and investigate how these business …