Regulating Entrepreneurship: The Case of Capital Requirements -- by Annika Bacher, Andreas Fagereng, Marius A. K. Ring, Ella Getz Wold

We thank Joshua Rauh, Gabriel Chodorow-Reich, Antoinette Schoar, Aaron Pancost, Daniel Neuhann, Clemens Sialm, Mindy Xiaolan, Andrey Ordin, Hans K. Hvide, and seminar participants at UT Austin, Goethe University Frankfurt, BI Norwegian Business School, the Yale Junior Finance Conference, and the NBER Productivity, Innovation, and Entrepreneurship Spring Meeting for helpful discussions and comments. We are especially grateful to Melanie Wallskog (discussant) for insightful feedback and suggestions. This paper briefly circulated as “Financial Constraints and Selection into Entrepreneurship”. This project has received funding from the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme (grant agreement 851891). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.