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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

Determinants of entrepreneurial engagement levels in Europe and the US

Grilo, Isabel; Thurik, Adriaan R. - Max-Planck-Institut für Ökonomik <Jena> - 2008

covariates to differ across the various entrepreneurial engagement levels. Data from two Entrepreneurship Flash Eurobarometer sur …

Persistent link: https://www.econbiz.de/10005864729

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

Entrepreneurial engagement levels in the European Union

Grilo, Isabel; Thurik, Roy - Max-Planck-Institut für Ökonomik <Jena> - 2005

A multinomial logit model and survey data from the 25 EU member states and the US are used to establish the effect of demographic and other variables on various entrepreneurial engagement levels. These engagement levels range from "never thought about starting a business" to "thinking about it",...

Persistent link: https://www.econbiz.de/10005864989

Latent and actual entrepreneurship in Europe and the US: some recent developments

Grilo, Isabel; Thurik, Roy - Max-Planck-Institut für Ökonomik <Jena> - 2005

and actual entrepreneurship. Other than demographic variables such as gender, age and education, the set of covariates …

Persistent link: https://www.econbiz.de/10005864993

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

Entrepreneurship in the EU: to wish and not to be

Irigoyen, Jesús Maria; Grilo, Isabel - Max-Planck-Institut für Ökonomik <Jena> - 2005

of demographic and other variables on latent and actual entrepreneurship. Latent entrepreneurship is measured by the …

Persistent link: https://www.econbiz.de/10005865031

Determinants of entrepreneurship in Europe

Grilo, Isabel; Thurik, Adriaan R. - Max-Planck-Institut für Ökonomik <Jena> - 2004

This paper presents an Eclectic Framework explaining (developments in and determinants of) entrepreneurship … the demand for entrepreneurship on the one hand, with those influencing the supply of entrepreneurs on the other hand. It … entrepreneurship can be shifted. In its empirical part the present paper estimates a multinomial logit using survey data from the 15 EU …

Persistent link: https://www.econbiz.de/10005865215

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