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Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment

Bernstein, Shai; Mehta, Kunal; Townsend, Richard R.; … - National Bureau of Economic Research - 2022

We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives...

Persistent link: https://www.econbiz.de/10013172146

Who Creates New Firms When Local Opportunities Arise?

Bernstein, Shai - 2018

New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local...

Persistent link: https://www.econbiz.de/10012480763

Doing Business in China : Parental Background and Government Intervention Determine Who Owns Businesses

Jia, Ruixue; Lan, Xiaohuan; Padró i Miquel, Gerard - National Bureau of Economic Research - 2021

While intergenerational transmission of entrepreneurship is a well-known regularity, we hypothesize that in a …

Persistent link: https://www.econbiz.de/10012496100

Horatio Alger Meets the Mobility Tables

Holtz-Eakin, Douglas - 2000

The question of how entrepreneurship relates to income mobility is cogent given the current public debate about the … sources of income inequality and mobility in United States society. We examine how experience with entrepreneurship has … distribution over time, and to see how their mobility (or lack thereof) was affected by involvement with entrepreneurship. Our main …

Persistent link: https://www.econbiz.de/10012471152

Public Entrepreneurial Finance around the Globe

Bai, Jessica; Bernstein, Shai; Dev, Abhishek; Lerner, Joshua - National Bureau of Economic Research - 2021

This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...

Persistent link: https://www.econbiz.de/10012510623

Entrepreneurial Reluctance : Talent and Firm Creation in China

Bai, Chong-En; Jia, Ruixue; Li, Hongbin; Wang, Xin - National Bureau of Economic Research - 2021

The theoretical literature has long noted that talent can be used in both the entrepreneurial and non-entrepreneurial sectors, and its allocation depends on the reward structure. We test these hypotheses by linking administrative college admissions data for 1.8 million individuals with the...

Persistent link: https://www.econbiz.de/10012533414

Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links

Dunn, Thomas - 1996

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...

Persistent link: https://www.econbiz.de/10012473223

Entrepreneurial Decisions and Liquidity Constraints

Holtz-Eakin, Douglas - 1993

This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...

Persistent link: https://www.econbiz.de/10012474416

Sticking it Out : Entrepreneurial Survival and Liquidity Constraints

Holtz-Eakin, Douglas - 1993

Persistent link: https://www.econbiz.de/10012474451