Construct · 1 fields · 1 citations

liquidity constraints on entrepreneurship: a standalone construct

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liquidity constraintson entrepreneurship1 CONSTRUCTLiquidity constraintsEVANS · ECONOMICS

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Economics

the limit that personal wealth places on starting and capitalizing a business when founders cannot borrow enough against future returns.

In economics, liquidity constraints on entrepreneurship refers to the limit that personal wealth places on starting and capitalizing a business when founders cannot borrow enough against future returns. This meaning comes from Evans (1989) in Journal of Political Economy.[1]

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borrow1 fields · 1 citationsanchor · a standalone constructbusiness1 fields · 1 citationsanchor · a standalone constructfuture3 fields · 6 citationsjingle · one word, three constructs

References

  1. Evans, D. S., & Jovanovic, B. (1989). An Estimated Model of Entrepreneurial Choice under Liquidity Constraints. Journal of Political Economy, 97(4), 808-827. https://doi.org/10.1086/261629

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