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What Does Entrepreneurship Data Really Show?

Acs, Zoltán J.; Desai, Sameeksha; Klapper, Leora - Max-Planck-Institut für Ökonomik <Jena> - 2008

We compare two entrepreneurship datasets: Global Entrepreneurship Monitor (GEM) captures early-stage entrepreneurship … and World Bank Group Entrepreneurship Survey (WBGES) captures business registration. GEM data is higher in developing …

Persistent link: https://www.econbiz.de/10005864510

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

A Theory of Destructive Entrepreneurship

Desai, Sameeksha; Acs, Zoltán J. - Max-Planck-Institut für Ökonomik <Jena> - 2007

economy - in which entrepreneurship plays a role for employment, income growth and innovation. The current understanding of … various forms of entrepreneurship remains incomplete, focusing largely on productive and unproductive entrepreneurship …. However, destructive entrepre-neurship plays an important role in many, if not most, economies. This paper addresses the …

Persistent link: https://www.econbiz.de/10005864515

Democratic Capitalism and Philanthropy in a Global Economy

Acs, Zoltán J.; Desai, Sameeksha - Max-Planck-Institut für Ökonomik <Jena> - 2007

from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship …

Persistent link: https://www.econbiz.de/10005864533

The Entrepreneurship-Philantrophy Nexus: Nonmarket Source of American Entrepreneurial Capitalism

Acs, Zoltán J.; Audretsch, David; Phillips, Ronnie J.; … - Max-Planck-Institut für Ökonomik <Jena> - 2007

creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the …

Persistent link: https://www.econbiz.de/10005864643

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