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The Knowledge Spillover Theory of Entrepreneurship

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2005

entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …

Persistent link: https://www.econbiz.de/10005067475

Skill Variety, Innovation and New Business Formation

Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Tinbergen Instituut - 2014

being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates the …

Persistent link: https://www.econbiz.de/10011272604

The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2004

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …

Persistent link: https://www.econbiz.de/10005504210

Keeping it simple: financial literacy and rules of thumb

Drexler, Alejandro; Fischer, Gregory; Schoar, Antoinette - London School of Economics (LSE) - 2010

Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...

Persistent link: https://www.econbiz.de/10010884647

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Instituut - 2011

This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more likely to become entrepreneurs. By not havingtaken this possible linkage into account, previous research has underestimated the impactsboth of risk aversion and balanced skills on...

Persistent link: https://www.econbiz.de/10011255496

It's the Opportunity Cost, stupid! How Self-Employment responds to Financial Incentives of Return, Risk and Skew

Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - Tinbergen Instituut - 2011

There is no robust empirical support for the effect of financial incentives on the decision to work in selfemploymentrather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on theopportunity cost, i.e. the wages given up as an employee. Information on income...

Persistent link: https://www.econbiz.de/10011255541

Determinants of Job Satisfaction across the EU-15: A Comparison of Self-Employed and Paid Employees

Millan, Jose Maria; Hessels, Jolanda; Thurik, Roy; … - Tinbergen Instituut - 2011

See also the publication in Small Business Economics (2013), 40(3), 651-670. Job satisfaction of self-employed and paid-employed workers is analyzed using the European Community Household Panel for the EU-15 covering the years 1994-2001. We distinguish between two types of job satisfaction, i.e....

Persistent link: https://www.econbiz.de/10011255751

Illegal Entrepreneurship Experience

Aidis, Ruta; Praag, Mirjam van - Tinbergen Instituut - 2004

Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human capital as measured by previous business experience and formal education. In this paper, we explore whether illegal entrepreneurship experience (IEE), an unconventional form of...

Persistent link: https://www.econbiz.de/10011255961

Ability Dispersion and Team Performance: A Field Experiment

Hoogendoorn, Sander; Parker, Simon C.; Praag, Mirjam van - Tinbergen Instituut - 2012

complex decision-making. We propose a model in which greater ability dispersion generates greater knowledge for a team, but …

Persistent link: https://www.econbiz.de/10011255965

Ability Dispersion and Team Performance

Hoogendoorn, Sander; Parker, Simon C.; Praag, Mirjam van - Tinbergen Instituut - 2014

What is the effect of dispersed levels of cognitive ability of members of a (business) team on their team’s performance? This paper reports the results of a field experiment in which 573 students in 49 teams start up and manage real companies under identical circumstances. We ensured exogenous...

Persistent link: https://www.econbiz.de/10011256050