A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance--in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not.

We use confidential and restricted-access data from the Kauffman Firm Survey and matched administrative data on credit scores to explore racial disparities in access to capital for new business ventures. The novel results on racial inequality in startup financing indicate that black-owned...

We use confidential and restricted-access data from the Kauffman Firm Survey and matched administrative data on credit scores to explore racial disparities in access to capital for new business ventures. The novel results on racial inequality in startup financing indicate that black-owned...