Black vs white owned new venture performance: a study of mediating effects

Purpose The purpose of this paper is to move beyond individual level characteristics of founders to explain the performance gap between white and black majority owned new ventures. It specifically investigates three potential mediators: demographic characteristics of venture’s location, financial size of the venture and its credit riskiness. Design/methodology/approach The Kauffman Firm Survey, a longitudinal data set of 4,928 new ventures...