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Title: An Estimated Model of Entrepreneurial Choice under Liquidity Constraints
Resulting in 1 citation.
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Evans, David S. Jovanovic, Boyan |
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An Estimated Model of Entrepreneurial Choice under Liquidity Constraints Journal of Political Economy 97,4 (August 1989): 808-827. Also: http://www.jstor.org/stable/1832192 Cohort(s): Young Men Publisher: University of Chicago Press Keyword(s): Assets; Behavior; Income; Self-Employed Workers This paper develops and estimates a behavioral model of entrepreneurial choice under liquidity constraints. Using data from the NLS of Young Men, it was found that liquidity constraints bind and prospective entrepreneurs must bear most of the risk inherent in their venture. Whether people are more inclined to become entrepreneurs. Capital is essential for starting a business and liquidity constraints tend to exclude those with insufficient funds. |
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Bibliography Citation
Evans, David S. and Boyan Jovanovic. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints." Journal of Political Economy 97,4 (August 1989): 808-827.
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