| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17041 |
| 来源ID | Working Paper 17041 |
| What Do Small Businesses Do? | |
| Erik Hurst; Benjamin Wild Pugsley | |
| 发表日期 | 2011-05-12 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | In this paper, we show that most small business owners are very different from the entrepreneurs that economic models and policy makers often have in mind. Using new data that samples early stage entrepreneurs just prior to business start up, we show that few small businesses intend to bring a new idea to market. Instead, most intend to provide an existing service to an existing market. Further, we find that most small businesses have little desire to grow big or to innovate in any observable way. We show that such behavior is consistent with the industry characteristics of the majority of small businesses, which are concentrated among skilled craftsmen, lawyers, real estate agents, doctors, small shopkeepers, and restaurateurs. Lastly, we show non pecuniary benefits (being one's own boss, having flexibility of hours, etc.) play a first-order role in the business formation decision. We then discuss how our findings suggest that the importance of entrepreneurial talent, entrepreneurial luck, and financial frictions in explaining the firm size distribution may be overstated. We conclude by discussing the potential policy implications of our findings. |
| 主题 | Industrial Organization ; Firm Behavior |
| URL | https://www.nber.org/papers/w17041 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574715 |
| 推荐引用方式 GB/T 7714 | Erik Hurst,Benjamin Wild Pugsley. What Do Small Businesses Do?. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17041.pdf（352KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
