Cyclical fluctuations, financial shocks, and the entry of fast-growing entrepreneurial startups
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- dc.contributor.author Albert, Christoph, 1988-
- dc.contributor.author Caggese, Andrea
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:26:57Z
- dc.date.available 2020-05-25T09:26:57Z
- dc.date.issued 2018-12-14
- dc.date.modified 2020-05-25T09:25:45Z
- 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.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1628
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/44731
- dc.language.iso eng
- dc.relation.ispartofseries 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.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword financial crisis
- dc.subject.keyword entrepreneurship
- dc.subject.keyword Finance and Accounting
- dc.title Cyclical fluctuations, financial shocks, and the entry of fast-growing entrepreneurial startups
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper