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House Prices, Home Equity Borrowing, and Entrepreneurship

Stefano Corradin and Alexander Popov.

in The Review of Financial Studies

August 2015; p ublished online March 2015 .

Journal Article. Subjects: Entrepreneurship; Banking. 14328 words.

This paper shows that housing wealth helps alleviate credit constraints for potential entrepreneurs by enabling home owners to extract equity from their property and invest it in their...