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SUMMARY:Fewer but Smarter? Human Capital\, Finance\, and Entrepreneurial S
 uccess
DTSTART:20160527T103000
DTEND:20160527T120000
DTSTAMP:20260916T044015Z
UID:7855048445e815679e54f3e545a3e76833547ac4a24a1c92a4368431
CATEGORIES:Conferences - Seminars
DESCRIPTION:Vojislav MAKSIMOVIC (University of Maryland\, Robert H School 
 of Business)\nPrior literature has identified a drop in the rate of US ent
 repreneurship. We show that this decline has been concentrated in large\, 
 high skilled entrants and examine its implications.  Human capital in ent
 repreneurial firms is persistent and predicts both their future skill leve
 ls and future size. Local financial shocks predict the quantity and qualit
 y of entrants. Positive financial shocks favor the entry of more skilled f
 irms. To the extent that there is relatively more high skilled entry\, the
  decline in the rate of US entrepreneurship may not have as severe long ru
 n consequences as might first appear. More generally\, initial differences
  in human capital are important determinants of firm quality and of firms
 ’ growth trajectories.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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