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0.0440

-0.8058

-0.4290

-0.3215

(0.0754)

(0.1018)

(0.1076)

(0.0506)

-0.0810

-0.2125

0.1692

0.0735

(0.0698)

(0.0711)

(0.0771)

(0.0447)

-0.7212

0.1542

0.4246

0.3468

(0.3204)

(0.2620)

(0.2767)

(0.1706)

-0.0519

-0.0843

-0.0999

0.0216

(0.0848)

(0.0719)

(0.0783)

(0.0495)

0.0852

-0.9298

-0.3036

-0.5708

(0.0300)

(0.0328)

(0.0347)

(0.0193)

-0.0371

0.2047

0.1531

0.0324

(0.0495)

(0.0554)

(0.0601)

(0.0325)

0.0540

0.3047

0.2426

0.0011

(0.0489)

(0.0552)

(0.0596)

(0.0322)

-0.2460

0.4091

0.2865

0.1441

(0.0548)

(0.0590)

(0.0647)

(0.0355)

-0.9188

0.7525

1.0214

0.5567

(0.0663)

(0.0654)

(0.0700)

(0.0397)

0.0451

0.2920

-0.0879

0.1831

(0.0337)

(0.0342)

(0.0362)

(0.0214)

0.4690

0.0359

0.1295

0.0401

(0.0319)

(0.0316)

(0.0347)

(0.0200)

-0.2871

0.4605

0.2597

0.4081

(0.0293)

(0.0294)

(0.0325)

(0.0187)

-0.1026

0.0019

-0.0350

-0.0651

(0.0321)

(0.0332)

(0.0367)

(0.0207)

-0.1837

0.1005

0.2098

0.2300

(0.0405)

(0.0389)

(0.0422)

(0.0250)

-0.4323

0.6465

1.3830

1.3143

(0.1397)

(0.1140)

(0.1109)

(0.0764)

(4) Ln Sales

Table 4 Logit and Linear Regressions for Small Business Outcomes Characteristics of Business Owners, 1996

Latino-owned business

Native American-owned business Asian-owned business

Female-owned business

High school graduate

Some college

College graduate

Graduate school

Urban

Prior work experience in a

managerial capacity Prior work experience in a

similar business Have a self-employed family member Prior work experience in a family member's business Inherited business

(continued)

Dependent variable

Black-owned business

(1)

(2)

(3)

Closure

Profits

Employer

$10,000+

Firm

Specifi

cation

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