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on Entrepreneurship |
By: | Joonkyu Choi; Nathan Goldschlag; John Haltiwanger; J. Daniel Kim |
Abstract: | Using administrative data from the U.S. Census Bureau, we introduce a new public-use database that tracks activities across firm growth distributions over time. With these new data, we uncover several key trends for high-growth firms---critical engines of innovation and economic growth. First, the share of firms that are high-growth has steadily decreased over the past four decades, driven not only by falling rates of entrepreneurship but also languishing growth among existing firms. Second, this decline is particularly pronounced among young and small firms, while the share of high-growth firms has been relatively stable among large and old firms. We also find rich variation across states and sectors. To facilitate future research, we highlight how these data can be used to address various research questions. |
Keywords: | Organizational Growth; Entrepreneurship; High-Growth Firms; Business Dynamism; Publicly Available Dataset |
JEL: | L11 L25 L26 O30 O40 |
Date: | 2024–09–20 |
URL: | https://d.repec.org/n?u=RePEc:fip:fedgfe:2024-74 |
By: | Toni Ahnert; Sebastian Doerr; Nicola Pierri; Yannick Timmer |
Abstract: | We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young firms is stronger in US counties more exposed to banks with greater IT adoption. We present evidence consistent with banks' IT adoption spurring entrepreneurship through a collateral channel: entrepreneurship increases by more in IT-exposed counties when house prices rise. Further analysis suggests that IT improves banks' ability to determine collateral values, in particular when collateral appraisal is more complex. IT also reduces the time and cost of disbursing collateralized loans. |
Keywords: | Technology in banking; Entrepreneurship; Information technology; Collateral; Screening |
JEL: | D82 G21 L26 |
Date: | 2024–09–24 |
URL: | https://d.repec.org/n?u=RePEc:fip:fedgfe:2024-83 |
By: | Pirla, Sergio; Ortega-Lapiedra, Raquel |
Abstract: | Individuals not only seek a happy and meaningful life, but an interesting one. In this letter, we show that past estimates of the well-being gains from entrepreneurship have overlooked an important aspect of the relationship between self-employment and well-being: boredom. Using a sample of over 30, 000 individuals from 25 European countries, we show that self-employment is related to lower levels of boredom – a relationship that is not captured by traditional measures of hedonic or eudaimonic well-being. |
Keywords: | Boredom, Entrepreneurship |
JEL: | L26 M5 |
Date: | 2024–10–04 |
URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122278 |
By: | Park, Jonghwa; Han, Kyunghyun |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:itsb24:302510 |
By: | Sommer, Christoph |
JEL: | G10 G21 G30 O16 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302340 |
By: | Hessami, Zohal; Schirner, Sebastian; Wobbe, Clara |
JEL: | F22 J15 L26 M13 R23 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302393 |
By: | Hack, Lukas; Rostam-Afschar, Davud |
JEL: | E31 E43 E52 E58 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302376 |
By: | Bernardo Caldarola; Luca Fontanelli |
Abstract: | Recent empirical evidence finds positive associations between digitalisation and industry concentration. However, ICT may not be all alike. We investigate the effect of the purchase of cloud services on the long run size growth rate of French firms. Our findings suggest that cloud services positively impact firm growth rates, with smaller firms experiencing more significant benefits compared to larger firms. This evidence suggests that the diffusion of cloud technologies may help mitigate concentration in the era of the digital transition by favouring the digitalisation and growth of smaller firms, especially when the cloud services provided are more advanced. |
Date: | 2024–09 |
URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.17035 |
By: | Rodepeter, Elisa; Gschnaidtner, Christoph; Hottenrott, Hanna |
JEL: | L26 O32 O33 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302358 |
By: | Julien Albertini (Université Lumière Lyon 2, CNRS, Université Jean Monnet Saint-Etienne, emlyon business school, GATE, 69007, Lyon, France); Xavier Fairise (GAINS, Le Mans Université); Anthony Terriau (GAINS, Le Mans Université) |
Abstract: | This paper explores the differentiated effects of corporate tax changes based on firm characteristics and evaluates the potential impact of a tax system modulated by both firm size and age. Using tax rate variations across U.S. states and comparing adjacent counties across state borders, we find that corporate taxes significantly reduce employment in small and young firms, while having no notable impact on large and older firms. We then develop a model to analyze firm dynamics throughout their life cycle under different tax regimes. Our simulations show that a corporate tax system adjusted by both firm size and age is more effective than one based solely on size (and even more so than a system with a single rate). This approach lightens the tax burden on highly productive young firms and shifts it toward less productive older firms, ultimately boosting employment and welfare without reducing the fiscal surplus. |
JEL: | H25 H32 J21 J23 E61 E62 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:gat:wpaper:2410 |
By: | Zaharieva, Anna; Iftikhar, Zainab |
JEL: | J23 J31 J61 J64 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc24:302348 |
By: | Lisa D. Cook |
Date: | 2024–10–10 |
URL: | https://d.repec.org/n?u=RePEc:fip:fedgsq:98951 |
By: | Boyer, Marcel; El Moussaoui, Hicham; Petkantchin, Valentin |
Keywords: | Microentrepreneurs; institutions; coûts de transactions; économie informelle; approvisionnement en eau; rentabilité, formalisation |
JEL: | D02 D04 D23 E14 E26 H44 O17 P37 |
Date: | 2024 |
URL: | https://d.repec.org/n?u=RePEc:tse:wpaper:129827 |