How Does Race and Ethnicity Affect Persistence in Immature Ventures?
利用创业动态面板研究II数据，分析种族/族裔对不成熟创业企业坚持的影响，发现黑人比白人更可能在没有成功的情况下继续坚持，而西班牙裔更可能退出。
© 2016 International Council for Small Business.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.