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Black Vs White Owned New Venture Performance: A Study Of Mediating Effects, Mayank Jaiswal
Black Vs White Owned New Venture Performance: A Study Of Mediating Effects, Mayank Jaiswal
New England Journal of Entrepreneurship
Purpose: The purpose of this paper is to move beyond individual level characteristics of founders to explain the performance gap between white and black majority owned new ventures. It specifically investigates three potential mediators: demographic characteristics of venture’s location, financial size of the venture and its credit riskiness.
Design/methodology/approach: The Kauffman Firm Survey, a longitudinal data set of 4,928 new ventures started in the USA in 2004, has been utilized in this paper. Pooled OLS and Logit regression models were employed for direct effects. Mediation effects were tested using two different approaches: the Baron and Kenny approach and decomposition analysis. …