Barney Hartman-Glaser, Mark Thibodeau, Jiro Yoshida
{"title":"Cash to Spend: IPO Wealth and House Prices","authors":"Barney Hartman-Glaser, Mark Thibodeau, Jiro Yoshida","doi":"10.2139/ssrn.3329651","DOIUrl":"https://doi.org/10.2139/ssrn.3329651","url":null,"abstract":"This study empirically demonstrates the impact of wealth shocks from initial public offerings (IPOs) on local house prices by distinguishing from changes in the uncertainty and availability of wealth. Applying spatial event study methods to IPOs in California from 1993 to 2017, we find increases in house prices around filing and issuing dates. Upon lockup expiration, house price changes depend on post-issuance returns. Treating the San Francisco Bay as a natural commuting barrier, we use a difference-in-differences approach to identify sustained price increases in markets with recent IPO filings and temporary increases for recent issuing and lockup expiration.","PeriodicalId":427646,"journal":{"name":"ERPN: Other Communities (Sub-Topic)","volume":"171 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121349395","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"'Rural Entrepreneurship Development' – An Emerging Paradigm for Rural Economic Development Through Entrepreneurship in India","authors":"Anil Aggarwal","doi":"10.2139/ssrn.3183678","DOIUrl":"https://doi.org/10.2139/ssrn.3183678","url":null,"abstract":"This paper draws upon a broader research work based on doctoral dissertation about Rural Entrepreneurship Development vis-à-vis the role of various Entrepreneurship Development Institutions fostering rural entrepreneurship, rural industrialisation and overall rural economic development. This paper aims at appreciating the need for and relevance of understanding dynamic paradigm of rural entrepreneurship Development. Enterprises in rural environments are operating in an arena of extreme and rapid change. However, despite the recognition that entrepreneurship is one of the primary facets through which rural economic development can be achieved, empirical research on rural entrepreneurship is relatively sparse and this concept remains largely unknown.","PeriodicalId":427646,"journal":{"name":"ERPN: Other Communities (Sub-Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122395640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Activist Choice Homophily and the Crowdfunding of Female Founders","authors":"J. Greenberg, Ethan Mollick","doi":"10.2139/ssrn.2462254","DOIUrl":"https://doi.org/10.2139/ssrn.2462254","url":null,"abstract":"Homophily is among the most cited and studied mechanisms in the social sciences; its ability to explain a wide range of phenomena is well established, and it can accommodate a broad range of forms of likeness. Despite this breadth, comparatively little research exists to distinguish the mechanisms underlying choice homophily that link these varied bases and outcomes. By examining the drivers of choice homophily, we develop the concept of activist choice homophily, where the basis of homophilic attraction is not merely dyadic similarity but rather perceptions of shared structural barriers stemming from a common social identity based on group membership. We theorize how this form of choice homophily differs from interpersonal choice homophily, which emerges from the perceived similarity between two individuals, as well as from induced homophily at the structural level. Using data from a laboratory experiment, we find evidence that activist choice homophily predicts (and largely mediates) the choice of female participants to donate to a crowdfunding project proposed by a female founder. Consistent results emerge in real-world data from the world’s largest crowdfunding platform.","PeriodicalId":427646,"journal":{"name":"ERPN: Other Communities (Sub-Topic)","volume":"342 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122838057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Entrepreneurship, the Informal Economy and Rural Communities","authors":"Colin Williams","doi":"10.1108/17506201111131578","DOIUrl":"https://doi.org/10.1108/17506201111131578","url":null,"abstract":"Purpose – This paper aims to evaluate whether early-stage entrepreneurs and the established self-employed in rural communities trade off-the-books and whether this tendency varies across deprived and affluent rural localities. Design/methodology/approach – Face-to-face interviews were conducted with 350 households in both affluent and deprived rural communities in England. Findings – In both the affluent and deprived rural communities surveyed, wholly legitimate enterprises represent just the tip of the iceberg. Beneath the surface is a large hidden enterprise culture of both registered businesses trading off-the-books and unregistered wholly off-the-books enterprises. However, the preponderance of both early-stage entrepreneurs, as well as the established self-employed to trade off-the-books is greater in deprived than affluent rural communities, intimating that deprived rural communities are perhaps relatively more enterprising and entrepreneurial than is currently recognised. Research limitations/implications – These findings are based on a small-scale study of five English rural communities. Further studies are now required to evaluate whether similar findings are replicated elsewhere. Practical implications – The paper reveals that legitimising the hidden enterprise culture in deprived rural communities could be an important but so far untapped means of promoting enterprise and economic development. Originality/value – Evaluates the extent of informal entrepreneurship in rural communities and how this varies spatially.","PeriodicalId":427646,"journal":{"name":"ERPN: Other Communities (Sub-Topic)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127460096","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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