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Why are some people more likely to become small-businesses o others
Why are some individuals more likely to become owners of small businesses than others? We classify industries using measures of entry barriers and proceed to investigate how determinants of entry vary in high- as opposed to low-barrier fields. Claims that neither financial-capital constraints nor t...
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| Format: | Article |
| Language: | English |
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2014
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| LEADER | 01353nab a22001457a 4500 | ||
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| 008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Lofstrom, Magnus | ||
| 245 | |a Why are some people more likely to become small-businesses o others |c Entrepreneurship entry and industry-specific barriers / Lof | ||
| 260 | |c 2014 | ||
| 300 | |a 232-251 | ||
| 520 | |a Why are some individuals more likely to become owners of small businesses than others? We classify industries using measures of entry barriers and proceed to investigate how determinants of entry vary in high- as opposed to low-barrier fields. Claims that neither financial-capital constraints nor the educational backgrounds of aspiring small-business owners predict the likelihood of small-business entry are investigated in this context. These claims of irrelevance, we find, are inconsistent with the facts. The wealth and educational background characteristics potential entrepreneurs possess predispose them to make distinctly different industry choices, both because of the differing rewards available to them and the very different entry barriers they face. The characteristics of potential entrants, in other words, draw them toward some industries and away from others. | ||
| 650 | |a Entry Barriers | ||
| 650 | |a Entrepreneurship Entry | ||
| 773 | |a Journal of Business Venturing |d March | ||
| 999 | |c 42081 |d 42081 | ||