Race and Entrepreneurial Success Black-, Asian-, and White-Owned Businesses in the United States

ISBN-10: 026251494X

ISBN-13: 9780262514941

Edition: 2010

Authors: Robert W. Fairlie, Alicia M. Robb

List price: $25.00
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Book details

List price: $25.00
Copyright year: 2010
Publisher: MIT Press
Publication date: 8/13/2010
Binding: Paperback
Pages: 256
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 0.748
Language: English

Preface
Introduction
Racial Patterns in Business Outcomes
Outline of This Book
Main Findings of the Research
Racial Disparities in Business Ownership and Outcomes
Racial Differences in Business Ownership
Recent Trends in Business Ownership
Racial Trends over the Twentieth Century
Explanations for Racial Differences in Business Ownership
Trends in the Number of Minority-Owned Businesses
Comparison of SBO/SMOBE and CPS Estimates
Racial Patterns and Trends in Business Outcomes
Racial Differences in Business Outcomes: Evidence from the CBO
Estimates from Other Business-Level Data Sources
Differences across Asian and Latino Groups
Conclusions
The Determinants of Small Business Success
Education
Family-Business Background
Evidence from the CBO on Intergenerational Links in Business Ownership
Work Experience in Family Businesses
Business Inheritances
Intergenerational Links, Family-Business Backgrounds, and Business Success
Other Forms of Business Human Capital
Identifying the Determinants of Business Outcomes
Regression Results
Educational Effects
The Effects of Family-Business Background on Outcomes
Other Forms of Business Human Capital
Profits
Gender Issues
Examining the Sensitivity of Results to Alternative Sample Definitions
Correcting for Missing Data
Multiple Imputation
Startup Capital
Industry
Startup Capital and Industry Estimates
Age of the Business
Conclusions
Appendixes
Estimating the Intergenerational Transmission in Business Ownership
Why Are African American-Owned Businesses Less Successful?
Racial Differences in Education
Family-Business Background
Racial Differences in Family-Business Experience
Racial Differences in Business Human Capital
Financial Capital
Black/White Differences in Wealth
Family Wealth
Lending Discrimination
Differential Types of Financing
Racial Differences in Startup Capital
Industry Differences
Identifying the Causes of Black/White Differences in Business Outcomes
Differences between Male and Female Business Owners
Contributions from Startup Capital and Industry Differences
Other Potential Explanations: Consumer Discrimination
Networks
Conclusions
Appendixes
Nonlinear Decomposition Method
Why Are Asian-Owned Businesses More Successful?
Social Capital and Ethnic Resources
Human, Financial, and Other Types of Capital
Educational Differences
Family-Business Experience
Differences in Business Human Capital
Wealth Differences
Types of Financing
Startup Capital
Industry Differences
Hours Worked
Asian Subgroups
Identifying the Causes of Asian/White Differences in Business Outcomes
Conclusions
Appendix
Conclusions and Implications
Financial Capital
Family-Business Experience
Human Capital
Policy Implications
New Policy Ideas
Data Appendix
The Survey of Business Owners (SBO) and the Survey of Minority-Owned Business Enterprises (SMOBE)
The Characteristics of Business Owners (CBO)
The Current Population Survey (CPS)
Individual- versus Business-Level Data
Additional Data Sources for Studying Minority-Owned Businesses
Summary
Notes
References
Index
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