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Creating Strategic Advantage through EntrepreneurialGovernance in New Ventures

Audretsch, David B.; Lehmann, Erik; Plummer, Lawrence A. - Max-Planck-Institut für Ökonomik <Jena> - 2007

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005864514

The Effect of New Business Formation on Regional Development over Time: The Case of Germany

Fritsch, Michael; Mueller, Pamela - Max-Planck-Institut für Ökonomik <Jena> - 2006

We investigate the effects of new business formation on employment change in German regions. A special focus is on the lag-structure of this effect and on differences between regions. The different phases of the effects of new business formation on regional development are relatively pronounced...

Persistent link: https://www.econbiz.de/10005864877

The Persistence of Regional New Business Formation-Activity over Time - Assessing the Potential of Policy Promotion Programs

Fritsch, Michael; Mueller, Pamela - Max-Planck-Institut für Ökonomik <Jena> - 2005

entrepreneurship. These factors also seem to be responsible for changes in the level of regional new business formation. In addition …

Persistent link: https://www.econbiz.de/10005865030

The Effects of Experience, Ownership, and Knowledge on IPO Survival: Empirical Evidence from Germany

Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

Persistent link: https://www.econbiz.de/10005865241

Financing High-Tech Growth: The Role of Debt or Equity

Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004

Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...

Persistent link: https://www.econbiz.de/10005865242

Pragmatic entrepreneurs and institutionalized scholars? - On the path-dependent nature of entrepreneurship scholarship

Wennberg, Karl; Berglund, Henrik - Ratioinstitutet - 2014

Research surveys of the field of entrepreneurship suggest that the maturation and institutionalization of … entrepreneurship as a research field brings about both new opportunities and constraints from established thoughts and practices. In … research in entrepreneurship is becoming increasingly institutionalized with regard to different issues: successively …

Persistent link: https://www.econbiz.de/10011096126

A new perspective on the innovator’s dilemma

Berglund, Henrik; Sandström, Christian - Ratioinstitutet - 2014

Abstract: Why do entrant firms sometimes gain the upper hand under conditions of discontinuous technological change? Previous research on this topic has either looked at the role of established competencies and/or firm incentives to invest in a new technology. In this paper we explore an...

Persistent link: https://www.econbiz.de/10011106040