Entrepreneurial firms and entry

In the first module, we will answer the following questions:

  1. What is the entrepreneurial firm (in this class)?
  2. How do these firms differ from their non-entrepreneurial peers?
  3. What are the major research questions in entrepreneurial finance?
  4. What do we know about the entrepreneurial entry decision?

Required and suggested readings

We will cover two papers and the institutional details required to understand them.  Read these two papers and skim the articles on the module 1 reading list.

Paper 1: Hurst, E. and Pugsley, B.W. (2011) ‘What Do Small Businesses Do?’, Brookings Papers on Economic Activity, 2011(2), pp. 73–118. Available at: https://doi.org/10.1353/eca.2011.0017

Paper 2: Levine, R. and Rubinstein, Y. (2017) ‘Smart and Illicit: Who Becomes an Entrepreneur and Do They Earn More?*’, The Quarterly Journal of Economics, 132(2), pp. 963–1018. Available at: https://doi.org/10.1093/qje/qjw044