Financial constraints, human and social capital, and risk-taking attitude in the foundation of new firms

Authors


  • JEL classification codes: D81, G31, G32, J24, M13.

Abstract

Financial capital plays an important role in firm creation for the more rich entrepreneurs and risk-taking attitude predicts new ventures for the entrepreneurs in the median of wealth distribution, but appropriate human capital and age of the entrepreneurs are critical in the case of new business creation.

Ancillary