Why are some people more likely to become small-businesses owners than others: Entrepreneurship entry and industry-specific barriers

Journal of Business Venturing

Volumn 29, Issue 2, 2014, Pages 232-251

  Lofstrom, Magnus ^a,d   Bates, Timothy ^b   Parker, Simon C ^c,d  

^a PUBLIC POLICY INSTITUTE OF CALIFORNIA   (United States)

^b WAYNE STATE UNIVERSITY   (United States)

^c UNIVERSITY OF WESTERN ONTARIO   (Canada)

^d IZA ^*  (Germany)

Author keywords

Entrepreneurship entry; Entry barriers

Indexed keywords

EID: 84892842711     PISSN: 08839026     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusvent.2013.01.004     Document Type: Article

References (53)

1. Agarwal R. The survival of firms over the product life cycle. Southern Economic Journal 1997, 97:571-584.
2. Aghion P., Bolton P. A theory of trickle-down growth and development. Review of Economic Studies 1997, 64:151-172.
3. Arauzo-Carod J., Segarra-Blasco A. The determinants of entry are not independent of start-up size: some evidence from Spanish manufacturing. International Journal of Industrial Organization 2005, 27:147-165.
4. Audretsch D., Keilbach M., Lehmann E. Entrepreneurship and Economic Growth 2006, Oxford University Press, New York.
5. Bain J.S. Barriers to New Competition 1956, Harvard University Press, Cambridge MA.
6. Banerjee A., Newman A. Occupational choice and the process of development. Journal of Political Economy 1993, 101:274-298.
7. Bates T. Self-employment entry across industry groups. Journal of Business Venturing 1995, 10:143-156.
8. Bates T. Race, Self-employment and Upward Mobility: An Illusive American Dream 1997, John Hopkins University Press, Baltimore.
9. Bates T. Minority entrepreneurship. Foundations and Trends in Entrepreneurship 2011, 7:151-311.
10. Bayus B.L., Agarwal R. The role of pre-entry experience, entry timing, and product technology strategies in explaining firm survival. Management Science 2007, 53:1887-1902.
11. Berger A.N., Udell G.F. Collateral, loan quality and bank risk. Journal of Monetary Economics 1990, 25:21-42.
12. Bhide A. The Origin and Evolution of New Businesses 2000, Oxford University Press, Oxford.
13. Bradford W. The wealth dynamics of entrepreneurship for black and white families in the U.S. Review of Income and Wealth 2003, 49:89-115.
14. Cagetti M., De Nardi M. Entrepreneurship, frictions, and wealth. Journal of Political Economy 2006, 114:835-870.
15. Caselli F., Genaioli N. Credit constraints, competition and meritocracy. Journal of the European Economic Association 2005, 3:679-689.
16. Casson M. Entrepreneurship and Business Culture 1995, Edward Elgar, Aldershot.
17. Caves R. Industrial organization and the new findings on the turnover and mobility of firms. Journal of Economic Literature 1998, 36:1947-1982.
18. Caves R.E., Porter M.E. From entry barriers to mobility barriers. Quarterly Journal of Economics 1977, 91:241-262.
19. Coco G. Collateral, heterogeneity in risk attitude and the credit market equilibrium. European Economic Review 1999, 43:559-574.
20. Cooper A., Gimeno-Gascon M., Woo C. Initial human capital and financial capital as predictors of new venture performance. Journal of Business Venturing 1994, 9:371-395.
21. Dennis W. Business regulation as an impediment to the transition from welfare to self-employment. Journal of Labour Research 1998, 19:263-276.
22. Disney R., Hathergood J. Housing wealth, liquidity constraints and self-employment. Labour Economics 2009, 16:79-88.
23. Dixit A. Entry and exit decisions under uncertainty. Journal of Political Economy 1989, 97:620-638.
24. Dixit A., Rob R. Switching costs and sectoral adjustments in general equilibrium with uninsured risk. Journal of Economic Theory 1994, 62:48-69.
25. Dunn T., Holtz-Eakin D. Financial capital, human capital, and the transition to self-employment: evidence from intergenerational links. Journal of Labor Economics 2000, 18:282-305.
26. Evans D., Jovanovic B. An estimated model of entrepreneurial choice under liquidity constraints. Journal of Political Economy 1989, 97:808-827.
27. Evans D., Leighton L. Some empirical aspects of entrepreneurship. American Economic Review 1989, 79:519-535.
28. Fairlie R.W., Krashinsky H.A. Liquidity constraints, household wealth and entrepreneurship revisited. Review of Income and Wealth 2012, 58:279-306.
29. Fairlie R.W., Robb A. Race, Families, and Human Capital 2008, MIT Press, Cambridge.
30. Foster L., Haltiwanger J., Syverson C. Reallocation, firm turnover and efficiency: selection on productivity or profitabilityα. American Economic Review 2008, 98:394-425.
31. Gimeno J., Folta T., Cooper A.C., Woo C.Y. Survival of the fittestα Entrepreneurial human capital and the persistence of underperforming firms. Administrative Science Quarterly 1997, 42:750-783.
32. Hamilton B. Does entrepreneurship payα An empirical analysis of the returns to self employment. Journal of Political Economy 2000, 108:604-631.
33. Helsley R.W., Strange W.C. Entrepreneurs and cities: complexity, thickness and balance. Regional Science and Urban Economics 2011, 41:550-559.
34. Holtz-Eakin D., Joulfaian D., Rosen H.S. Entrepreneurial decisions and liquidity constraints. The Rand Journal of Economics 1994, 25:334-347.
35. Hout M., Rosen H. Self employment, family background, and race. Journal of Human Resources 2000, 35:670-692.
36. Hundley G. Male/female earnings differences in self-employment: the effects of marriage, children and the household division of labour. Industrial & Labour Relations Review 2000, 54:95-114.
37. Hurst E., Lusardi A. Liquidity constraints, household wealth, and entrepreneurship. Journal of Political Economy 2004, 112:319-347.
38. Le A. Empirical studies of self-employment. Journal of Economic Surveys 1999, 13:381-416.
39. Lindh T., Ohlsson H. Self-employment and windfall gains: evidence from the Swedish lottery. The Economic Journal 1996, 106:1515-1526.
40. Lofstrom M. Labour market assimilation and the self-employment decision of immigrant entrepreneurs. Journal of Population Economics 2002, 15:83-114.
41. Lofstrom M., Wang C. Mexican-American self-employment: a dynamic analysis of business ownership. Research in Labor Economics 2009, 29:197-227.
42. Parker S.C. Do banks ration credit to new enterprisesα And should governments interveneα. Scottish Journal of Political Economy 2001, 49:162-195.
43. Parker S.C. Entrepreneurship among married couples in the United States: a simultaneous probit approach. Labour Economics 2008, 15:515-537.
44. Parker S.C. The Economics of Entrepreneurship 2009, Cambridge University Press, Cambridge.
45. Parker S.C., van Praag C. Schooling, capital constraints and entrepreneurial performance: the endogenous triangle. Journal of Business Economics & Statistics 2006, 24:416-431.
46. Penrose E. The Theory of the Growth of the Firm 1959, Oxford University Press, Oxford.
47. Porter M.E. Competitive Strategy: Techniques for Analyzing Industries and Competitors 1980, Free Press, New York.
48. Schuetze H., Antecol H. Immigration, entrepreneurship and the venture start-up process. The Life Cycle of Entrepreneurial Ventures 2006, 107-135. Springer, New York. S.C. Parker (Ed.).
49. Shane S.A. A General Theory of Entrepreneurship: The Individual-Opportunity Nexus 2003, Edward Elgar, Cheltenham.
50. Stiglitz J., Weiss A. Credit rationing in markets with imperfect information. American Economic Review 1981, 71:393-410.
51. Storey D. The birth of new firms-does unemployment matterα A review of the evidence. Small Business Economics 1991, 3:167-178.
52. Van der Sluis J., Van Praag M., Vijverberg W. Education and entrepreneurship selection and performance: a review of the empirical literature. Journal of Economic Surveys 2008, 22:795-841.
53. Van Stel A., Storey D., Thurik A. The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics 2007, 28:171-186.