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- Publisher
- Springer Journals
- Copyright
- Copyright © 2014 by Springer Science+Business Media New York
- Subject
- Economics / Management Science; Management/Business for Professionals; Microeconomics; Entrepreneurship; Industrial Organization
- ISSN
- 0921-898X
- eISSN
- 1573-0913
- DOI
- 10.1007/s11187-014-9568-2
- Publisher site
- See Article on Publisher Site
Abstract
This paper explores the determinants of start-up size by focusing on a cohort of 6,247 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.
Journal
Small Business Economics – Springer Journals
Published: Mar 6, 2014