ENTREPRENEURIAL DECISIONS AND LIQUIDITY CONSTRAINTS

被引：292

作者：

HOLTZEAKIN, D

JOULFAIAN, D

ROSEN, HS

机构：

[1] US DEPT TREASURY,WASHINGTON,DC 20226

[2] PRINCETON UNIV,PRINCETON,NJ 08544

来源：

RAND JOURNAL OF ECONOMICS | 1994年 / 25卷 / 02期

关键词：

D O I：

10.2307/2555834

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a matched sample of federal estate and personal income tax returns, we examine how the receipt of an inheritance affects an individual's decision to become an entrepreneur. Our results suggest that the size of the inheritance has a substantial effect on both the probability of becoming an entrepreneur and the amount of capital employed in the new enterprise. These findings are consistent with the presence of liquidity constraints.

引用

页码：334 / 347

页数：14

共 21 条

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AVERY RB, 1988, REV INCOME WEALTH, V0034

[2]

BLANCHFLOWER D, 1990, UNPUB WHAT MAKES ENT

[3] BLACK-WHITE DIFFERENCES IN WEALTH AND ASSET COMPOSITION [J].