Business experience and start-up size: Buying more lottery tickets next time around?

Alex Coad*, Julian S. Frankish, Paul Nightingale, Richard G. Roberts

*この研究の対応する著者

研究成果: Article査読

10 被引用数 (Scopus)

抄録

This paper explores the determinants of start-up size by focusing on a cohort of 6,247 businesses that started trading in 2004, using a unique dataset on customer records at Barclays Bank. Quantile regressions show that prior business experience is significantly related with start-up size, as are a number of other variables such as age, education and bank account activity. Quantile treatment effects (QTE) estimates show similar results, with the effect of business experience on (log) start-up size being roughly constant across the quantiles. Prior personal business experience leads to an increase in expected start-up size of about 50 %. Instrumental variable QTE estimates are even higher, although there are concerns about the validity of the instrument.

本文言語English
ページ(範囲)529-547
ページ数19
ジャーナルSmall Business Economics
43
3
DOI
出版ステータスPublished - 2014 3 6
外部発表はい

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 経済学、計量経済学

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