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The State of American Entrepreneurship : New Estimates of the Quantity and Quality of Entrepreneurship for 15 US States, 1988-2014

Guzman, Jorge - 2016

entrepreneurship. Building on Guzman and Stern (2015a; 2015b), this paper offers new evidence to inform this debate by estimating … simultaneously account for both the quantity as well as the quality of entrepreneurship: the Entrepreneurial Quality Index (EQI …, measuring the average quality level among a group of start-ups within a given cohort), the Regional Entrepreneurship Cohort …

Persistent link: https://www.econbiz.de/10012456579

Skilled Human Capital and High-Growth Entrepreneurship : Evidence from Inventor Inflows

Balsmeier, Benjamin - 2020

To what extent does high-growth entrepreneurship depend on skilled human capital? We estimate the impact of the inflow … millions of inventor surnames in the 1940 U.S. Census. Inventor immigration increases county-level high-growth entrepreneurship … a smaller but significant negative effect of inventor arrival on entrepreneurship in nearby counties …

Persistent link: https://www.econbiz.de/10012481458

The Bright Side of Patents

Farre-Mensa, Joan - 2016

Motivated by concerns that the patent system is hindering innovation, particularly for small inventors, this study investigates the bright side of patents. We examine whether patents help startups grow and succeed using detailed micro data on all patent applications filed by startups at the U.S....

Persistent link: https://www.econbiz.de/10012456714

Where Has All The Skewness Gone? The Decline In High-Growth (Young) Firms In The U.S

Decker, Ryan A. - 2015

The pace of business dynamism and entrepreneurship in the U.S. has declined over recent decades. We show that the … character of that decline changed around 2000. Since 2000 the decline in dynamism and entrepreneurship has been accompanied by a …

Persistent link: https://www.econbiz.de/10012456895

Nowcasting and Placecasting Entrepreneurial Quality and Performance

Guzman, Jorge - 2015

A central challenge in the measurement of entrepreneurship is accounting for the wide variation in entrepreneurial … quality distribution. Second, we propose two new economic statistics for the measurement of entrepreneurship: the … Entrepreneurship Quality Index (EQI) and the Regional Entrepreneurship Cohort Potential Index (RECPI). We use these indices to offer a …

Persistent link: https://www.econbiz.de/10012457712

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

Measuring the Dynamics of Young and Small Businesses : Integrating the Employer and Nonemployer Universes

Davis, Steven J. - 2007

We develop a preliminary version of an Integrated Longitudinal Business Database (ILBD) that combines administrative records and survey data for all employer and nonemployer business units in the United States. Unlike other large-scale business databases, the ILBD tracks business transitions...

Persistent link: https://www.econbiz.de/10012465428

Does Local Financial Development Matter?

Guiso, Luigi - 2002

We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...

Persistent link: https://www.econbiz.de/10012469791

The Firm as a Dedicated Hierarchy : A Theory of the Origin and Growth of Firms

Rajan, Raghuram G. - 2000

A fundamental problem entrepreneurs face in the formative stages of their businesses is how to provide incentives for employees to protect, rather than steal, the source of organizational rents. We study how the entrepreneur's response to this problem will determine the organization's internal...

Persistent link: https://www.econbiz.de/10012471229

Age and High-Growth Entrepreneurship

Azoulay, Pierre - 2018

Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful...

Persistent link: https://www.econbiz.de/10012453226