In this article, I review the theoretical and empirical literature on the effects of public and
private equity markets on firm behavior, emphasizing the consequences that emerge from …

We discuss the value of experiments in illuminating constraints on the growth of firms in
developing countries. Experiments have provided insight into both the value and the …

We characterize the contribution of immigrants to US innovation, both through their direct
productivity as well as through their indirect spillover effects on their native collaborators. To …

A series of discontinuities in the allocation mechanism of federal transfers to municipal
governments in Brazil allow us to identify the causal effect of public spending on local labour …

We use a large expansion of government-owned banks in cities with extremely low bank
branch coverage and data on the universe of formal-sector employees in Brazil over 2000 …

Entrepreneurship is thought to be a key driver of economic growth. While there are myriad
forms of entrepreneurship, ranging from self-employment to small and medium size …

We study how individual political views shape firm behavior and labor market outcomes.
Using new micro-data on the political affiliation of business owners and private-sector …

We study a financial inclusion policy targeting Brazilian cities with low bank branch
coverage using data on the universe of employees from 2000–2014. The policy leads to …

We study the effect of personal wealth on entrepreneurial decisions using data on mineral
payments from Texas shale drilling to individuals throughout the United States. Large cash …

This paper analyzes the importance of information technology (IT) in banking for
entrepreneurship. To guide our empirical analysis, we build a parsimonious model of bank …