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Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - CESifo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …

Persistent link: https://www.econbiz.de/10010948829

Corporate Tax Policy, Entrepreneurship and Incorporation in the EU

Mooij, Ruud A. De; Nicodème, Gaëtan J.A. - CESifo - 2006

panel of European data on firm births and legal form of business to analyze income shifting via increased entrepreneurship … and incorporation. The results suggest that lower corporate taxes exert an ambiguous effect on entrepreneurship. The …

Persistent link: https://www.econbiz.de/10005094315

Greasing the Wheels of Entrepreneurship? The Impact of Regulations and Corruption on Firm Entry

Dreher, Axel; Gassebner, Martin - CESifo - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …

Persistent link: https://www.econbiz.de/10005181356

Business Decision-Making under Uncertainty: Evidence from Employment and Number of Businesses

Ghosal, Vivek; Ye, Yang - CESifo - 2013

Using the framework provided by the asymmetric-information and real-options theories, we examine the impact of uncertainty on firms’ decisions and market outcomes. We construct alternative measures of uncertainty based on survey of professional forecasters and our estimation of...

Persistent link: https://www.econbiz.de/10010674454

Uncertainty and the Employment Dynamics of Small and Large Businesses

Ghosal, Vivek; Ye, Yang - CESifo - 2014

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...

Persistent link: https://www.econbiz.de/10010960647