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This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...
Persistent link: https://www.econbiz.de/10005864591
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
, are found to be conducive to entrepreneurship, while others, such asHinduism, inhibit entrepreneurship. In addition, the … of the caste systeminfluence entrepreneurship, suggesting a link between religion and economic behavior... …
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This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … general knowledge and economically useful knowledge. Also missing is a mechanism (such as entrepreneurship) converting …
Persistent link: https://www.econbiz.de/10005864531
different factor, entrepreneurship capital, has emerged as a dri-ving force of economic growth. In this paper, we define a … region’s capacity to create new firms start-ups as the region’s entrepreneurship capital. We then investigate the local … knowledge-based entrepreneurship capital is driven by local levels of knowledge creation and the acceptance of new ideas …
Persistent link: https://www.econbiz.de/10005864584
Economic growth has been a major preoccupation of economists, dating back at least to Adam Smith. William Stanley Jevons, for example, posited a growth theory based on the activity of sunspots. Robert Solow took a less exotic approach to explaining economic growth...
Persistent link: https://www.econbiz.de/10005864960