LEADER 04774nam 2200709 a 450 001 9910454171303321 005 20200520144314.0 010 $a0-262-27247-4 010 $a1-4356-5496-X 035 $a(CKB)1000000000536342 035 $a(OCoLC)646754042 035 $a(CaPaEBR)ebrary10235151 035 $a(SSID)ssj0000231886 035 $a(PQKBManifestationID)11220644 035 $a(PQKBTitleCode)TC0000231886 035 $a(PQKBWorkID)10207018 035 $a(PQKB)10045132 035 $a(MiAaPQ)EBC3338903 035 $a(OCoLC)244796557$z(OCoLC)277624567$z(OCoLC)643581966$z(OCoLC)646754042$z(OCoLC)923251123$z(OCoLC)961508975$z(OCoLC)962630997$z(OCoLC)966147078$z(OCoLC)991991162$z(OCoLC)992029894$z(OCoLC)1035656872$z(OCoLC)1037922226$z(OCoLC)1038598154$z(OCoLC)1045508191$z(OCoLC)1055394140$z(OCoLC)1065903140$z(OCoLC)1081234044 035 $a(OCoLC-P)244796557 035 $a(MaCbMITP)7961 035 $a(Au-PeEL)EBL3338903 035 $a(CaPaEBR)ebr10235151 035 $a(OCoLC)244796557 035 $a(EXLCZ)991000000000536342 100 $a20080207d2008 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aRace and entrepreneurial success$b[electronic resource] $eBlack-, Asian-, and white-owned businesses in the United States /$fRobert W. Fairlie and Alicia M. Robb 210 $aCambridge, Mass. $cMIT Press$dc2008 215 $a1 online resource (253 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-262-51494-X 311 $a0-262-06281-X 320 $aIncludes bibliographical references (p. [215-230) and index. 330 $aA comprehensive analysis of racial disparities and the determinants of entrepreneurial performance--in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not.Thirteen million people in the United States--roughly one in ten workers--own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In Race and Entrepreneurial Success, minority entrepreneurship authorities Robert Fairlie and Alicia Robb examine racial disparities in business performance. Drawing on the rarely used, restricted-access Characteristics of Business Owners (CBO) dataset compiled by the U.S. Census Bureau, Fairlie and Robb examine in particular why Asian-owned firms perform well in comparison to white-owned businesses and black-owned firms typically do not. They also explore the broader question of why some entrepreneurs are successful and others are not. After providing new comprehensive estimates of recent trends in minority business ownership and performance, the authors examine the importance of human capital, financial capital, and family business background in successful business ownership. They find that a high level of startup capital is the most important factor contributing to the success of Asian-owned businesses, and that the lack of startup money for black businesses (attributable to the fact that nearly half of all black families have less than $6,000 in total wealth) contributes to their relative lack of success. In addition, higher education levels among Asian business owners explain much of their success relative to both white- and African American-owned businesses. Finally, Fairlie and Robb find that black entrepreneurs have fewer opportunities than white entrepreneurs to acquire valuable pre-business work experience through working in family businesses. 606 $aMinority business enterprises$zUnited States 606 $aAfrican American business enterprises 606 $aAsian American business enterprises 606 $aEntrepreneurship$zUnited States 606 $aSmall business$zUnited States 606 $aSuccess in business$zUnited States 608 $aElectronic books. 615 0$aMinority business enterprises 615 0$aAfrican American business enterprises. 615 0$aAsian American business enterprises. 615 0$aEntrepreneurship 615 0$aSmall business 615 0$aSuccess in business 676 $a338.6/420890973 700 $aFairlie$b Robert W$0859711 701 $aRobb$b Alicia M$0859712 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910454171303321 996 $aRace and entrepreneurial success$91918523 997 $aUNINA