Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Access to Capital for Black Firms Focus of Economic Perspectives January 11

Posted by Hopeton on January 9, 2010

Note: If you’d like to be informed when the interview with Alicia Robb is available for download please email

Alicia Robb, co-author of the research paper Financial Capital Injections among New Black and White Business Ventures: Evidence from the Kauffman Firm Survey, will be the January 11 guest on Economic Perspectives , 5:30 p.m. – 6 p.m. central time on KAZI 88.7 FM.  Listen to the interview live online at

Robb has co-authored numerous papers on access to capital for Black businesses including Access to Financial Capital among U.S. Businesses: The Case of African American Firms, published in the Annals of the American Academy of Political and Social Science in September 2007 and Why Are Black-Owned Businesses Less Successful than White-Owned Businesses: The Role of Families, Inheritances, and Business Human Capital, published in the Journal of Labor Economics in April 2007.

Alicia Robb

Robb, a senior research associate at the University of California at Santa Cruz, co-authored the Financial Capital Injections paper with Robert Fairlie, a professor of economics at the University of California at Santa Cruz ,and David Robinson, a professor of finance at Duke Unversity.

In the paper Robb and her co-authors write:

“We find that black-owned businesses face persistent difficulty in accessing external capital markets. Black-owned businesses rely much more on owner equity than do white-owned businesses indicating that black-owned businesses face more difficulty in raising external capital. Direct evidence on average levels of external capital reveals large racial disparities between blacks and whites.”

Robb is the co-author with Robert Fairlie of the book Race and Entrepreneurial Success: Black-, Asian-, and White-Owned Businesses in the United States.   She is also a senior research fellow at the Kauffman Foundation and a senior economist at Beacon Economics.  Formerly, Robb was an economist for the Federal Reserve Board of Governors and the Office of Economic Research at the U.S. Small Business Administration.

She completed her Ph.D. in economics from the University of North Carolina in 2000 with the dissertation The Role of Race, Gender, and Discrimination in Business Survival.”


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