Empirical evidence suggests that immigrants appear to be more entrepreneurially active than native people. While the formation of new firms by immigrants has been widely studied, the literature about the performance of these new ventures created by immigrants after their inception remains scarce and anecdotal. This study sheds light on firm-internal and firm-external factors that affect the life expectancy of new firms created by immigrants within a local economy during a period of recession, when the creation of firms is particularly important. The results show that immigrant entrepreneurs are more likely to quit their businesses earlier than their native counterparts. We argue that this may be partially explained by the liability of foreignness faced by immigrants.

中文翻译：

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经济衰退期间的移民企业家精神和企业生存：来自当地经济的证据

经验证据表明，移民似乎比本地人更具企业家活力。虽然已经广泛研究了由移民成立新公司的问题，但有关移民成立后由这些新公司创建的业绩的文献仍然很少，而且很少见。这项研究揭示了在衰退时期，当企业的成立特别重要时，企业内部和企业外部的因素会影响当地经济中移民所建立的新企业的预期寿命。结果表明，移民企业家比本地企业家更容易退出企业。我们认为，这可能部分是由于移民面临的外国责任所致。