Date of Award

Spring 5-5-2023

Document Type


Degree Name

Master of Arts (MA)



First Advisor

Ingmar Nyman

Second Advisor

Devra Golbe

Academic Program Adviser

Karna Basu


This paper evaluates the impact of financial resources and demographics on industry choice by self-employed business owners. I use a multinomial logistic regression to estimate the probability of having a business in a particular industry. The results suggest that entry into industries are hampered by financial constraints and social barriers.



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