Fiscal windfalls and entrepreneurship
Fostering entry or promoting incumbents
Bibliographic Data
| ID | 14868720 |
|---|---|
| Authors | Mark J Garmaise (0000-0002-2323-4198, Anderson University - South Carolina, corresponding author), Gabriel Natividad (0000-0001-6568-8561, University of Piura) |
| Year | 2024 |
| Volume | 62 |
| Issue | 1 |
| Pages | 133-158 |
| Publication date | 2024-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Small Business Economics (JOURNAL) |
| Journal identifiers | ISSN: 0921-898X • E-ISSN: 1573-0913 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11187-023-00757-3 |
| OpenAlex | W4385381963 |
| Language | EN |
| References cited | 62 |
We study the impact of government fiscal windfalls on entrepreneurship through an analysis of shocks to transfer payments in Peru. These pure transfers generate higher government spending, and we contrast the impacts on incumbent firms and entrants. Incumbent exits from the financial system are reduced, but previously troubled firms experience deteriorating performance. Increased transfers result in higher rates of firm entry into formal borrowing and superior entrant outcomes. Overall, startups outperform non-startups after heightened transfers
Business · Economics · Entrepreneurship · Government (linguistics · Government spending · Labour economics · Market economy · Monetary economics · Payment · Rent-seeking · Transfer payment · Corporate Finance and Governance · Corporate Taxation and Avoidance · Working Capital and Financial Performance · Finance
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| Citation velocity | historical |
|---|---|
| Highly cited | No |