EconPapers    
Economics at your fingertips  
 

Do entrepreneurs matter?

Sascha Becker and Hans Hvide

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature. We do not find signficant differences between small and larger firms, family and non-family firms, nor between firms located in urban and rural areas, but we do find stronger effects for founders with high human capital. Overall, the results suggest that an often overlooked factor – individual entrepreneurs – plays a large role in affecting firm performance. Key words: entrepreneurship ; firm performance ; human capital. JEL classification: D21 ; D24 ; J23 ; L11 ; L25 ; G39

Date: 2013
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-his, nep-hrm, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18) Track citations by RSS feed

Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/w ... /2013/twerp_1002.pdf

Related works:
Working Paper: Do entrepreneurs matter? (2013) Downloads
Working Paper: Do Entrepreneurs Matter? (2013) Downloads
Working Paper: Do entrepreneurs matter? (2013) Downloads
Working Paper: Do entrepreneurs matter? (2013) Downloads
Working Paper: Do Entrepreneurs Matter? (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:1002

Access Statistics for this paper

More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Margaret Nash ().

 
Page updated 2024-02-18
Handle: RePEc:wrk:warwec:1002