Not for Lack of Trying: American Entrepreneurship in Black and White

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Title:	Not for Lack of Trying: American Entrepreneurship in Black and White
Keywords:	J15 M13 D01 J23 ddc:330 Entrepreneurship Black Entrepreneurship Minority Entrepreneurship Nascent Entrepreneurship
Issue Date:	16-Oct-2013
Publisher:	Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
Description:	Using a sample obtained from a survey conducted in the United States during summer 2002, we study the variables related to observed differences in the rate of entrepreneurial involvement between black and white Americans. We find strong evidence that differences in subjective and often biased perceptions are highly associated with entrepreneurial propensity across these two racial groups. In addition, we find that black Americans tend to exhibit more optimistic perceptions of their business environment than other racial groups and are more likely than others to attempt starting a business. In fact, our results show that blacks are almost twice as likely as whites to try starting a business. Thus, our results suggest that the under representation of black Americans among established entrepreneurs is not due to lack of trying but may instead be due to stronger barriers to entry and higher failure rates.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18467
Other Identifiers:	http://hdl.handle.net/10419/18467 ppn:510326056
Appears in Collections:	EconStor

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