dc.contributor
Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.contributor.author
Albert, Christoph, 1988-
dc.contributor.author
Caggese, Andrea
dc.date.issued
2020-05-25T09:26:57Z
dc.date.issued
2020-05-25T09:26:57Z
dc.date.issued
2018-12-14
dc.date.issued
2020-05-25T09:25:45Z
dc.identifier
https://econ-papers.upf.edu/ca/paper.php?id=1628
dc.identifier
http://hdl.handle.net/10230/44731
dc.description.abstract
We analyze a multi-year, multi-country entrepreneurship survey with more than one million observations to identify startups with low- and high growth potential, and we confirm the validity of these ex-ante measures with ex post firm-level information on employment growth. We find that negative aggregate financial shocks reduce all startup types, but their effect is significantly stronger for startups with high growth potential, especially when GDP growth is low. Our results uncover a new composition of entry channel that significantly reduces employment growth and is potentially important for explaining slow recoveries after financial crises.
dc.format
application/pdf
dc.format
application/pdf
dc.relation
Economics and Business Working Papers Series; 1628
dc.rights
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights
info:eu-repo/semantics/openAccess
dc.subject
financial crisis
dc.subject
entrepreneurship
dc.subject
Finance and Accounting
dc.title
Cyclical fluctuations, financial shocks, and the entry of fast-growing entrepreneurial startups
dc.type
info:eu-repo/semantics/workingPaper
