Abstract
Data is a fundamental impediment to a better understanding of the multifaceted process of new firm creation. With better data, we can form a better understanding of the causes, constraints, and outcomes associated with the decision to launch a new business. Towards this end, the Kauffman Foundation commissioned an eight-wave panel of businesses that were formed in 2004, chronicling a single cohort’s evolution from birth through important business milestones. This issue of Small Business Economics focuses on papers that use the Kauffman Firm Survey to examine new research questions in entrepreneurship. Articles in this issue analyze new research topics in entrepreneurship as well as shed light on enduring questions in the literature.
Similar content being viewed by others
Notes
One potential reason for this may be the Community Reinvestment Act of 1977, which compels financial institutions to serve low- and moderate-income areas. See Bates and Robb (2014).
References
Baek, H. Y., & Neymotin, F. (2015). International involvement and production efficiency among startup firms. Global Economic Review, 1–21. doi:10.1080/1226508x.2015.1084240.
Batchelor, J. H., & Burch, G. F. (2011). Predicting entrepreneurial performance: can legitimacy help? Small Business Institute Journal, 7(2), 30–45.
Bates, T., & Robb, A. (2013). Greater access to capital is needed to unleash the local economic development potential of minority-owned businesses. Economic Development Quarterly, 27(3), 250–259.
Bates, T., & Robb, A. (2014). Small-business viability in America’s urban minority communities. Urban Studies, 51(13).
Bates, T., & Robb, A. (2016). Impacts of owner race and geographic context on access to small business financing. Economic Development Quarterly, 30(2), 159–170. doi:10.1177/0891242415620484.
Braggion, F., Dwarkasing, M., & Ongena, S. (2017). Household Wealth Inequality, Entrepreneurs’ Financial Constraints and the Great Recession: Evidence from the Kauffman Firm Survey. Small Business Economics. doi:.10.1007/s11187-017-9906-2
Braymen, C., & Neymotin, F. (2014). Enclaves and entrepreneurial success. Journal of Entrepreneurship and Public Policy, 3(2), 197–221.
Cao, X., & Im, J. (2017). Founder Human Capital and New Technology Venture R&D Search Intensity: The Moderating Role of an Environmental Jolt. Small Business Economics. doi:10.1007/s11187-017-9911-5.
Cassar, G. (2014). Industry and startup experience on entrepreneur forecast performance in new firms. Journal of Business Venturing, 29(1), 137–151.
Cassia, L., & Minola, T. (2011). Capital structure decision of new technology based firms: evidence from youth entrepreneurship. Investment Management and Financial Innovations Journal, 4(7), 72–82.
Cavarretta, F., & Furr, N. (2011). Too much of a good thing? Resource effects in new ventures. Frontiers of Entrepreneurship Research, 31(3), 1.
Cavarretta, F. L., & Robb, A. M. (2009). Distinguishing extreme vs. average performance in nascent firms: putting risk back into entrepreneurship research. Frontiers of Entrepreneurship Research, 29(22), 1.
Cheng, S. (2014). Potential lending discrimination? Insights from small business financing and new venture survival. Journal of Small Business Management. doi:10.1111/jsbm.12112.
Coleman, S., & Robb, A. M. (2009). A comparison of new firm financing by gender: evidence from the Kauffman Firm Survey data. Small Business Economics, 33(4), 397–411.
Coleman, S., & Robb, A. M. (2010a). Financing strategies of new technology-based firms: a comparison by gender. Journal of Technology Management & Innovation, 5(1), 30–50.
Coleman, S., & Robb, A. M. (2010b). Women, ethnicity, and entrepreneurship: sources of funding for new women-owned firms. Western New England Law Review, 3232(3), 497–514.
Coleman, S., & Robb, A. M. (2012). Capital structure theory and new technology firms: is there a match? Management Research Review, 35(2), 106–120.
Coleman, S., Cotei, C., & Farhat, J. (2013a). A resource-based view of new firm survival: new perspectives on the role of industry and exit route. Journal of Developmental Entrepreneurship, 18(01).
Coleman, S., Cotei, C., & Farhat, J. (2013b). A resource-based view of new firm survival: new perspectives on the role of industry and exit route. Journal of Developmental Entrepreneurship, 18(01).
Coleman, S., Cotei, C., & Farhat, J. (2014). The debt-equity financing decisions of U.S. startup firms. Journal of Economics and Finance, 38(3).
Cotei, C., & Farhat, J. (2016). The leasing decisions of startup firms. Review of Pacific Basin Financial Markets and Policies (forthcoming).
Cotei, C., & Farhat, J. (2017). The M&A Exit Outcomes of New, Young Businesses. Small Business Economics. doi:10.1007/s11187-017-9907-1.
Crawford, G. C., & Kemelgor, B. (2011). The power of promotion: an agent-based model of human capital and self-regulation effects on new venture performance in dynamic environments (interactive paper). Frontiers of Entrepreneurship Research, 31(5), 6.
Crawford, G. C., McKelvey, B., & Lichtenstein, B. B. (2014). The empirical reality of entrepreneurship: how power law distributed outcomes call for new theory and method. Journal of Business Venturing Insights, 1-2, 3–7.
Crawford, G. C., Aguinis, H., Lichtenstein, B., Davidsson, P., & McKelvey, B. (2015). Power law distributions in entrepreneurship: implications for theory and research. Journal of Business Venturing, 30(5), 696–713.
DeGeest, D. S., Follmer, E. H., Walter, S. L., & O'Boyle, E. H. (2015). The benefits of benefits: a dynamic approach to motivation-enhancing HR practices and entrepreneurial survival. Journal of Management. doi:10.1177/0149206315569313.
DeGeest, D. S., Follmer, E. H., & Lanivich, S. E. (2016). Timing matters: when high-performance work practices enable new venture growth and productivity. Journal of Management. doi:10.1177/0149206316652481.
Doms, M., Lewis, E., & Robb, A. M. (2010). Local labor force education, new business characteristics, and firm performance. Journal of Urban Economics, 67(1), 61–77.
Dzathor, A. Y. (2013). Do business demographics matter to nascent venture performance? A longitudinal evidence from the Kauffman Firm Survey. International Journal of Business and Social Research, 3(8).
Dzathor, A. Y., Mosley, A. L., & White, M. M. (2013). A longitudinal examination of the impact of founding-owner-operator characteristics on nascent venture performance: evidence from the Kauffman Firm Survey. Journal of Business and Social Research, 3(5).
Farhat, J., & Robb, A. (2017). Analyzing Complex Survey Data: The Kauffman Firm Survey. Small Business Economics. doi:10.1007/s11187-017-9913-3.g.) proceed as provided by the author.
Fariborzi, H., & Keyhani, M. (2017). Internationalize To Live: A Study of the Post-Internationalization Survival of New Ventures. Small Business Economics. doi:10.1007/s11187-017-9910-6.
Frank, M. Z., & Goyal, V. K. (2005). Trade-off and pecking order theories of debt. In B. Espen Eckbo (Ed.), Handbook of corporate finance: empirical corporate finance, handbooks in finance series. North-Holland: Elsevier Chapter 7.
Fried, H. O., & Tauer, L. W. (2015). An entrepreneur performance index. Journal of Productivity Analysis, 44(1), 69–77. doi:10.1007/s11123-015-0436-0.
Gai, Y., & Minniti, M. (2009). Survival and financing of black owned start-ups in the U.S. Frontiers of Entrepreneurship Research, 29(9), 5.
Gai, Y., & Minniti, M. (2014). External financing and the survival of black-owned startups in the US. Eastern Economic Journal. doi:10.1057/eej.2014.23.
Harkins, J., & Forster-Holt, N. (2014). Resource dependence and the exits of young firms. Entrepreneurship Research Journal, 4(4), 323–349.
Henderson, L., Herring, C., Horton, H. D., & Thomas, M. (2015). Credit where credit is due? Race, gender, and discrimination in the credit scores of business startups. The Review of Black Political Economy, 42, 459–479.
Hurst, Erik and Benjamin Wild Pugsley. (2011) What do small businesses do? Brookings papers on economic activity.
Jiang, G., Kotabe, M., Hamilton III, R. D., & Smith, S. W. (2016). Early internationalization and the role of immigration in new venture survival. International Business Review. doi:10.1016/j.ibusrev.2016.04.001.
Lee, S. M., & Lee, B. (2014). Entrepreneur characteristics and the success of venture exit: an analysis of single-founder start-ups in the U.S. International Entrepreneurship and Management Journal. doi:10.1007/s11365-014-0324-5.
Lee, J., & Zhang, W. (2011, 2011). Financial capital and startup survival. Academy of Management Proceedings, (1), 1–6. doi:10.5465/ambpp.2011.65869494.
Litwin, A. S., & Phan, P. H. (2013). Quality over quantity: reexamining the link between entrepreneurship and job creation. Industrial & Labor Relations Review, 66, 5.
McCormick, M., & Fernhaber, S. A. (2017). Are Growth Expectations Being Met? Implications for the Internationalization of Micro-Sized Ventures. Small Business Economics. doi:10.1007/s11187-017-9909-z.
Minola, T., Cassia, L., & Criaco, G. (2013). Financing patterns in new technology-based firms: an extension of the pecking order theory. International Journal of Entrepreneurship and Small Business, 19(2), 212–233.
Mueller, J. M., & Dubofsky, D. (2014). Resourceful financing by new firms (interactive paper). Frontiers of Entrepreneurship Research, 34(3), 9.
Neeley, L., & van Auken, H. (2010). Differences between female and male entrepreneurs’ use of bootstrap financing. Journal of Developmental Entrepreneurship, 15(1), 19–34.
Ortiz-Walters, R., & Gius, M. (2012). Performance of newly-formed micro firms: the role of capital financing in minority-owned enterprises. Journal of Developmental Entrepreneurship, 17(3).
Pergelova, A., & Angulo-Ruiz, F. (2014). The impact of government financial support on the performance of new firms: the role of competitive advantage as an intermediate outcome. Entrepreneurship & Regional Development: An International Journal, 26(9–10).
Renski, H. (2015). Externalities or experience? Localization economies and start-up business survival. Growth and Change, 46(3), 458–480. doi:10.1111/grow.12099.
Robb, A. M., & Robinson, D. T. (2012). The capital structure decisions of new firms. The Review of Financial Studies, 22(1). doi:10.1093/rfs/hhs072.
Robb, A. M., & Seamans, R. (2014). The role of R & D in entrepreneurial finance and performance. In B. Villalonga (Ed.), Finance and strategy (advances in strategic management, volume 31) (pp. 341–373). Bingley: Emerald Group Publishing Limited.
Robb, A. M., & Watson, J. (2010). Comparing the performance of female- and male-controlled SMEs: evidence from the United States and Australia. Frontiers of Entrepreneurship Research, 30(8), 1.
Robb, A. M., & Watson, J. (2012). Gender differences in firm performance: evidence from new ventures in the United States. Journal of Business Venturing, 27(5), 544–558.
Robert, F., Robb, A., & Robinson, D. T. (2017). "Black and White: Access to Capital in Minority-Owned Startups" Working Paper, UC Santa Cruz and Duke University.
Shane, S. (2009). Why encouraging more people to become entrepreneurs is bad public policy. Small Business Economics, 33(2), 141–149.
Shu, C., & Simmons, S. A. (2017). Firm Survival in Traded Industry Clusters: Does Localization Moderate the Effects of Founding Team Experience? Small Business Economics. doi:10.1007/s11187-017-9912-4.
Siddharth, V., & Kim, P. H. (2017). Marching to the Beat of the Drum: The Impact of the Pace of Life in U.S. Cities on Entrepreneurial Work Effort. Small Business Economics. doi:10.1007/s11187-017-9908-0.
Symeonidou, N. (2013). Resource orchestration: the effects of resource investment and leveraging strategy on performance. Academy of Management Proceedings, 2013(1), 14217–14217.
Symeonidou, N., Autio, E., Leiponen, A., & Bruneel, J. (2014). Putting all eggs in one basket: capability configurations and new venture survival. Academy of Management Proceedings, 2014(1), 14296–14296.
Thébaud, S., & Sharkey, A. J. (2016). Unequal hard times: the influence of the Great Recession on gender bias in entrepreneurial financing. Sociological Science. doi:10.15195/v3.a1.
Verbeke, A., Osiyevskyy, O., & Zargarzadeh, A. (2014). Internalization theory, entrepreneurship, and international new ventures. Multinational Business Review, 22(3).
Wang, T. (2009). Does legitimacy really matter for new ventures? Frontiers of Entrepreneurship Research, 29(13), 18.
Wang, T., Song, M., & Zhao, Y. L. (2014). Legitimacy and the value of early customers. Journal of Product Innovation Management. doi:10.1111/jpim.12144.
Welsh, D., Desplaces, D., & Davis, A. (2011). A comparison of retail franchises, independent businesses and purchased existing independent business startups: lessons from the Kauffman Firm Survey. Journal of Marketing Channels, 18(1), 3–18.
Ye, Q., Baucus, M., & Dubofsky, D. A. (2009). Economic outcomes of founding-team human capital and innovation strategy in nascent technological ventures. Frontiers of Entrepreneurship Research, 29(11), 7.
Zaleski, P. (2011). Start-ups and external equity: the role of entrepreneurial experience. Business Economics, 46(1), 43–50. doi:10.1057/be.2010.41.
Zarutskie, R., & Yang, T. (2015). How did young firms fare during the Great Recession? Evidence from the Kauffman Firm Survey. Finance and Economics Discussion Series, 85(2015), 1–44. doi:10.17016/feds.2015.085.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Farhat, J., Matusik, S., Robb, A. et al. New directions in entrepreneurship research with the Kauffman Firm Survey. Small Bus Econ 50, 521–532 (2018). https://doi.org/10.1007/s11187-017-9905-3
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s11187-017-9905-3