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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 Relationship between Entrepreneurship and Unemployment in Japan

Stel, Adriaan J. van; Thurik, Roy; Verheul, Ingrid; … - Max-Planck-Institut für Ökonomik <Jena> - 2006

This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership … influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when compared to other …

Persistent link: https://www.econbiz.de/10005864968

Allocation and Productivity of Time in new Ventures of Female and Male Entrepreneurships

Verheul, Ingrid; Carree, Martin Anthony; Thurik, Adriaan R. - Max-Planck-Institut für Ökonomik <Jena> - 2006

This paper investigates time allocation decisions in new ventures of female and male entrepreneurs using a model that distinguishes between effects of preferences and productivity on the number of working hours...

Persistent link: https://www.econbiz.de/10005864972

Explaining female and male entrepreneurship at the country level

Verheul, Ingrid; Stel, Adriaan J. van; Thurik, Adriaan R. - Max-Planck-Institut für Ökonomik <Jena> - 2005

Using Global Entrepreneurship Monitor data for 29 countries this study investigates the (differential) impact of … several factors on female and male entrepreneurship at the country level. These factors are derived from three streams of … literature, including that on entrepreneurship in general, on female labor force participation and on female entrepreneurship …

Persistent link: https://www.econbiz.de/10005864985

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

Business Accomplishments, Gender and Entrepreneurial Self-Image

Verheul, Ingrid; Uhlaner, Lorraine M.; Thurik, Adriaan R. - Max-Planck-Institut für Ökonomik <Jena> - 2004

impact of business accomplishments and gender on entrepreneurial self-image and explores the definition of entrepreneurship … university alumni associate with self-perceptions of entrepreneurship. Experience as a small business person (founding, running … separate expert panel study are used to rank business accomplishments according to degree of entrepreneur-ship. Results of both …

Persistent link: https://www.econbiz.de/10005865256

Business Ownership and Unemployment in Japan

van Acht, Joost; Stam, Joop A.; Thurik, Adriaan Roy; … - Max-Planck-Institut für Ökonomik <Jena> - 2004

unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of …

Persistent link: https://www.econbiz.de/10005865257