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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

From nascent to actual entrepreneurship: the effect of entry barriers

Stel, Adriaan J. van; Storey, David; Thurik, Adriaan R.; … - Max-Planck-Institut für Ökonomik <Jena> - 2005

This exploratory study focuses on the conversion from nascent to actual entrepreneurship and the role of entry barriers … in this process. Using data for a sample of countries partici-pating in the Global Entrepreneurship Monitor between 2002 … and 2004, we estimate a two-equation model explaining the nascent entrepreneurship rate and the young business entre-preneurship …

Persistent link: https://www.econbiz.de/10005864984

Uncertainty Avoidance and the Rate of Business Ownershiop across 22 OECD Countries, 1976-2000

Wennekers, Sander; Thurik, Roy; Stel, Adriaan J. van; … - Max-Planck-Institut für Ökonomik <Jena> - 2005

Persistent differences in the level of business ownership across economically developed nations have attracted the attentiion of scientific as well as political debate. Cultural rather than economic influences are assumed to play a decisive role. This paper deals with the influence of cutlural...

Persistent link: https://www.econbiz.de/10005865013

Nascent entrepreneurship and the level of economic development

Wennekers, Sander; Thurik, Roy; Stel, Adriaan J. van; … - Max-Planck-Institut für Ökonomik <Jena> - 2005

entrepreneurial dynamics and its level of economic development. This would imply a different scope for entrepreneurship policy across …

Persistent link: https://www.econbiz.de/10005865014

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

The role of Dissatisfaction and Per Capita Income in Explaining Self-Employment across 15 European Countries

Wennekers, Sander; Stel, Adriaan J. van; Noorderhaven, … - Max-Planck-Institut für Ökonomik <Jena> - 2004

This paper deals with explaining the sizable differences in the rate of self-employment (business ownership) across 15 European countries in the period 1978-2000, within a framework of occupational choice, focusing on the influence of dissatisfaction and of per capita income. Using two different...

Persistent link: https://www.econbiz.de/10005865255