How Does Race and Ethnicity Affect Persistence in Immature Ventures?
Robert E. Freeland and
Lisa A. Keister
Journal of Small Business Management, 2016, vol. 54, issue 1, 210-228
Abstract:
Does race/ethnicity affect persistence in an immature venture? Using data from the anel tudy of ntrepreneurial ynamics , we examine how race/ethnicity, access to supplier credit, and personal financial investment affect three entrepreneurial outcomes: continued engagement, new firm creation, and disengagement. We find that compared with whites, blacks were less likely to receive supplier credit and invest more of their own capital, whereas Hispanics did not significantly differ from whites. Blacks were more likely to persist and remain engaged in an immature venture if they did not achieve success after two years in operation, whereas Hispanics were more likely to disengage.
Date: 2016
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DOI: 10.1111/jsbm.12138
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