Not for lack of trying: American entrepreneurship in black and white

P. Köllinger, M. Minniti

Research output: Contribution to journalArticle

90 Scopus citations

Abstract

Using a sample obtained from a survey conducted in the United States during summer 2002, we study the variables related to observed differences in the rate of entrepreneurial involvement between black and white Americans. We find strong evidence that differences in subjective and often biased perceptions are highly associated with entrepreneurial propensity across these two racial groups. In addition, we find that black Americans tend to exhibit more optimistic perceptions of their business environment than other racial groups and are more likely than others to attempt starting a business. In fact, our results show that blacks are almost twice as likely as whites to try starting a business. Thus, our results suggest that the under representation of black Americans among established entrepreneurs is not due to lack of trying but may instead be due to stronger barriers to entry and higher failure rates.

Original languageEnglish (US)
Pages (from-to)59-79
Number of pages21
JournalSmall Business Economics
Volume27
Issue number1
DOIs
StatePublished - Aug 1 2006
Externally publishedYes

Keywords

  • Black entrepreneurship
  • Entrepreneurship
  • Minority entrepreneurship
  • Nascent entrepreneurship

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Not for lack of trying: American entrepreneurship in black and white'. Together they form a unique fingerprint.

  • Cite this