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Articles 31 - 32 of 32
Full-Text Articles in Business
Entrepreneurial Decisions And Liquidity Constraints, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen
Entrepreneurial Decisions And Liquidity Constraints, Douglas Holtz-Eakin, David Joulfaian, Harvey S. Rosen
Economics - All Scholarship
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 and interest deductions, ceteris paribus. If so, liquidity constraints are likely to be present. To be successful, such a research strategy requires a measure of asset variation that is both precisely measured and exogenous to the entrepreneurial decision. Our data are uniquely well-suited for this purpose. The sample consists of the 1981 and 1985 federal tax returns of a group …
Public Policy And Entrepreneurship, Douglas Holtz-Eakin
Public Policy And Entrepreneurship, Douglas Holtz-Eakin
Center for Policy Research
The image of the American entrepreneur retains an enduring fascination in the minds of the public and policy makers alike. For example, testifying several years ago at a congressional hearing on "the entrepreneurial spirit in America," Wisconsin's Senator Robert Kasten said of entrepreneurs: "They create new jobs. They provide new competition to existing businesses. They help to improve product quality, help to reduce prices, add new goods and services never before thought of, advance new technologies, America's competitive stance." His statement captures the view that entrepreneurial enterprises are valuable sources of technological advance, jobs, and dynamism, a trait commonly attributed …