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We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed … actual entrepreneurs …
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entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth … heterogeneous risk averse entrepreneurs competing to catch up with firms. This model is unique in that both household wealth …
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This paper examines whether local natural hazards can function as external enablers of new venture growth. To do so, I use U.S. county-level employment data for firms in narrowly defined age categories combined with a novel measure for local hurricane exposure between 2000 and 2015. I find that...
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