Regulation, New Venture Creation, and Resource-Advantage Theory: An Analysis of the U.S. Brewing Industry
研究美国各州啤酒业监管（消费税、小企业税收抵免与豁免、销售限制）对新创企业数量的影响，发现税收和销售限制有负面但有限的作用，而税收抵免与豁免则促进新企业增长。
Regulation is an important means by which policymakers address social costs. However, recent research suggests that managing social costs often comes at the expense of entrepreneurial activity. We explore this duality by extending resource-advantage theory to examine the effects of excise taxes, small business tax credits and exemptions, and sales restrictions on rates of new venture creation in the U.S. brewing industry. Our longitudinal analysis of state-level brewery regulations reveals that taxes and sales restrictions have adverse but limited effects on new venture creation over time. Furthermore, tax credits and exemptions are positively associated with growth rates of new ventures.