How Does Race and Ethnicity Affect Persistence in Immature Ventures?

Journal Article (Journal Article)

Does race/ethnicity affect persistence in an immature venture? Using data from the Panel Study of Entrepreneurial Dynamics II, we examine how race/ethnicity, access to supplier credit, and personal financial investment affect three entrepreneurial outcomes: continued engagement, new firm creation, and disengagement. We find that compared with whites, blacks were less likely to receive supplier credit and invest more of their own capital, whereas Hispanics did not significantly differ from whites. Blacks were more likely to persist and remain engaged in an immature venture if they did not achieve success after two years in operation, whereas Hispanics were more likely to disengage.

Full Text

Duke Authors

Cited Authors

  • Freeland, RE; Keister, LA

Published Date

  • January 1, 2016

Published In

Volume / Issue

  • 54 / 1

Start / End Page

  • 210 - 228

Electronic International Standard Serial Number (EISSN)

  • 1540-627X

International Standard Serial Number (ISSN)

  • 0047-2778

Digital Object Identifier (DOI)

  • 10.1111/jsbm.12138

Citation Source

  • Scopus