AN ANALYSIS OF KOREAN-IMMIGRANT-OWNED SMALL-BUSINESS START-UPS WITH COMPARISONS TO AFRICAN-AMERICAN-OWNED AND NONMINORITY-OWNED FIRMS

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,