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Article: Liberalizing Home-Based Business

TitleLiberalizing Home-Based Business
Authors
Issue Date20-Feb-2024
PublisherInstitute for Operations Research and Management Sciences
Citation
Management Science, 2024 How to Cite?
Abstract

Working at home benefits entrepreneurs by lowering fixed costs and allowing them to engage in joint market and household production. We evaluate a large-scale reform in Singapore, the Home Office Scheme, that allowed business creation at one's residential property and study whether home-based entrepreneurship spurs entrepreneurial activities. The difference-in-differences estimate shows that the reform led to a significantly higher level of business creation and that the firms newly created in response to the reform had a higher survival rate. The effect is more pronounced for low-income female individuals and industries with high startup capital, implying that financial constraints and nonpecuniary benefits likely drive the effect. The reform also encourages entrepreneurs to become serial entrepreneurs, and they open a larger business with a similar survival rate for their second firm. Overall, our findings suggest that the program effectively attracted more entry into self-employment without significantly lowering the average quality of the pool.


Persistent Identifierhttp://hdl.handle.net/10722/338559
ISSN
2021 Impact Factor: 6.172
2020 SCImago Journal Rankings: 4.954

 

DC FieldValueLanguage
dc.contributor.authorAgarwal, Sumit-
dc.contributor.authorSing, Tien Foo-
dc.contributor.authorSong, Changcheng-
dc.contributor.authorZhang, Jian-
dc.date.accessioned2024-03-11T10:29:48Z-
dc.date.available2024-03-11T10:29:48Z-
dc.date.issued2024-02-20-
dc.identifier.citationManagement Science, 2024-
dc.identifier.issn0025-1909-
dc.identifier.urihttp://hdl.handle.net/10722/338559-
dc.description.abstract<p>Working at home benefits entrepreneurs by lowering fixed costs and allowing them to engage in joint market and household production. We evaluate a large-scale reform in Singapore, the Home Office Scheme, that allowed business creation at one's residential property and study whether home-based entrepreneurship spurs entrepreneurial activities. The difference-in-differences estimate shows that the reform led to a significantly higher level of business creation and that the firms newly created in response to the reform had a higher survival rate. The effect is more pronounced for low-income female individuals and industries with high startup capital, implying that financial constraints and nonpecuniary benefits likely drive the effect. The reform also encourages entrepreneurs to become serial entrepreneurs, and they open a larger business with a similar survival rate for their second firm. Overall, our findings suggest that the program effectively attracted more entry into self-employment without significantly lowering the average quality of the pool.</p>-
dc.languageeng-
dc.publisherInstitute for Operations Research and Management Sciences-
dc.relation.ispartofManagement Science-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.titleLiberalizing Home-Based Business-
dc.typeArticle-
dc.identifier.doi10.1287/mnsc.2021.04232-
dc.identifier.eissn1526-5501-
dc.identifier.issnl0025-1909-

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