Business experience and start-up size: Buying more lottery tickets next time around?
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...
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| Veröffentlicht in: | Small business economics 2014-10, Vol.43 (3), p.529-547 |
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| container_title | Small business economics |
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| creator | Coad, Alex Frankish, Julian S. Nightingale, Paul Roberts, Richard G. |
| description | 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. |
| doi_str_mv | 10.1007/s11187-014-9568-2 |
| format | Article |
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Instrumental variable QTE estimates are even higher, although there are concerns about the validity of the instrument.</description><subject>Bank accounts</subject><subject>Business</subject><subject>Business and Management</subject><subject>Business structures</subject><subject>Customers</subject><subject>Datasets</subject><subject>Entrepreneurs</subject><subject>Entrepreneurship</subject><subject>Industrial Organization</subject><subject>Instrumental variables</subject><subject>Instrumental variables estimation</subject><subject>Learning</subject><subject>Management</subject><subject>Microeconomics</subject><subject>Quantile regression</subject><subject>Regression analysis</subject><subject>Start up firms</subject><subject>Startups</subject><subject>Turnover</subject><subject>Validity</subject><subject>Variables</subject><issn>0921-898X</issn><issn>1573-0913</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp9kE1L7DAUhoMoOH78ABdCwM3dRJOmaRI3ouIXCG4U3IU2PZWOM-ncnBQcf70ZehG5C1fhkOd5z-El5EjwU8G5PkMhhNGMi5JZVRlWbJGZUFoyboXcJjNuC8GMNa-7ZA9xzvnG4jPyfDViHwCRwscKYg_BA61DSzHVMbFxRbH_hHN6Na778EaXQwS6GFKCuKap9--QkAb4SHlYZjEOY2gvDshOVy8QDv-9--Tl9ub5-p49Pt09XF8-Ml9qk5hvGtvqorRV26m6ssZ2yivFZQHQKq8LXjWdbGuoTSMNFN6KzsiuqlSpbZO_9smfKXcVh78jYHLLHj0sFnWAYUQnKsFzquYqoyf_ofNhjCFfl6lK2FKXVmZKTJSPA2KEzq1iv6zj2gnuNo25qWeXe3abnl2RnWJyMLPhDeKP5F-k40maYxri95ZSKiU5l_ILqMaKMg</recordid><startdate>20141001</startdate><enddate>20141001</enddate><creator>Coad, Alex</creator><creator>Frankish, Julian S.</creator><creator>Nightingale, Paul</creator><creator>Roberts, Richard G.</creator><general>Springer</general><general>Springer US</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>8A3</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20141001</creationdate><title>Business experience and start-up size: Buying more lottery tickets next time around?</title><author>Coad, Alex ; 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| ispartof | Small business economics, 2014-10, Vol.43 (3), p.529-547 |
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| source | SpringerNature Journals; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Bank accounts Business Business and Management Business structures Customers Datasets Entrepreneurs Entrepreneurship Industrial Organization Instrumental variables Instrumental variables estimation Learning Management Microeconomics Quantile regression Regression analysis Start up firms Startups Turnover Validity Variables |
| title | Business experience and start-up size: Buying more lottery tickets next time around? |
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