T. Bates, AN ANALYSIS OF KOREAN-IMMIGRANT-OWNED SMALL-BUSINESS START-UPS WITH COMPARISONS TO AFRICAN-AMERICAN-OWNED AND NONMINORITY-OWNED FIRMS, Urban affairs review, 30(2), 1994, pp. 227-248
Social resources available from peer and community support networks ma
y have little impact on small-business viability. In this study, the a
uthor finds that differences between Korean immigrant-owned small busi
nesses and African-American firms exist because Korean entrepreneurs a
re more apt to be highly educated and wealthy. Koreans invest heavily
in small businesses, but their returns are often meager; per dollar of
invested capital, the sales and profits of Korean firms lag behind th
ose of African-Americans, Self-employment appears to be a form of unde
remployment for many Koreans,