During the last month, our team identified three new entrepreneurship studies that use data from across the world to answer interesting policy questions. A summary of each paper is below.
What Holds Back High-Growth Firms?
New research analyzes what stops firms from achieving high growth by analyzing small and medium sized enterprises (SMEs) in the U.K. The report suggests that “high-growth firms perceive problems in six areas: recruitment, skill shortages, obtaining finance, cash flow, management skills and finding suitable premises.”
To read the full report by Neil Lee, please click here.
Which Regional Factors Are Associated with Startup Creation?
A recent study examined why certain U.S. cities have more startups than others. It finds that the public sector has little impact on startup creation rates. The most effective way that governments can increase startup activity is to work to increase education levels. As the authors note, “A high ratio of college graduates in a metropolitan area means more startups.”
The report also reviews the impact of venture capitalists and high-tech firms on cities’ startup rates and growth. To read the full paper by Yasuyuki Motoyama and Jordan Bell-Masterson, please click here.
How Great is the Impact of Immigrant-Owned Firms on the U.S. Economy?
A recent report evaluates the impact that immigrant-owned business have on the U.S. economy. The study finds that immigrant businesses are more likely than non-immigrant firms to be involved in “transnational activities”, such as exporting or having overseas subsidiaries. Overall, immigrant firms with transnational activities have more employees, higher annual sales, and larger payrolls than non-immigrant companies.
For the full report by Qingfang Wang and Cathy Yang Liu entitled “Transnational Activities on Immigrants and their Impact on the USA”, please click here.