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Business experience and start-up size: buying more lottery tickets next time around?
journal contribution
posted on 2023-06-08, 16:54 authored by Alex Coad, Julian S Frankish, Paul NightingalePaul Nightingale, Richard G RobertsThis paper explores the determinants of start-up size by focusing on a cohort of 6247 businesses that started trading in 2004, using a unique dataset on customer records at Barclays Bank. Quantile regressions show that prior business experience is significantly related with start-up size, as are a number of other variables such as age, education and bank account activity. Quantile treatment effects (QTE) estimates show similar results, with the effect of business experience on (log) start-up size being roughly constant across the quantiles. Prior personal business experience leads to an increase in expected start-up size of about 50%. Instrumental variable QTE estimates are even higher, although there are concerns about the validity of the instrument.
History
Publication status
- Published
File Version
- Accepted version
Journal
Small Business EconomicsISSN
0921-898XPublisher
SpringerExternal DOI
Issue
3Volume
43Page range
529-547Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2014-03-25First Open Access (FOA) Date
2015-04-01First Compliant Deposit (FCD) Date
2014-03-25Usage metrics
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