NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Housing Collateral and Entrepreneurship

Martin C. Schmalz, David A. Sraer, David Thesmar

NBER Working Paper No. 19680
Issued in November 2013

---- Acknowledgements -----

For helpful comments and discussions we would like to thank Sugato Bhattacharyya, Markus Brunnermeier, Denis Gromb, Antoinette Schoar, José Scheinkman, Philip Strahan, as well as seminar participants at IDC, the University of Michigan, the University of Amsterdam, the 10th Annual Corporate Finance Conference at Olin Business School, and the CEPR European Workshop on Entrepreneurship Economics. All errors are our own. David Thesmar thanks the HEC foundation for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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