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Imperfect transmission of tacit knowledge and other barriers to entrepreneurship

Kanniainen, Vesa; Poutvaara, Panu - 2007

This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …

Persistent link: https://www.econbiz.de/10010264173

Tax neutrality: illusion or reality?: the case of entrepreneurship

Kanniainen, Vesa; Panteghini, Paolo M. - 2008

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...

Persistent link: https://www.econbiz.de/10010276142

Nordic dual income taxation of entrepreneurs

Kanniainen, Vesa; Kari, Seppo; Ylä-Liedenpohja, Jouko - 2005

The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their effort and investments. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on...

Persistent link: https://www.econbiz.de/10010261388

Why Entrepreneurs Choose Risky R&D Projects - but still not risky enough

Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016

business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …

Persistent link: https://www.econbiz.de/10011555580

Entrepreneurship, Economic Risks, and Risk Insurance in the Welfare State: Results with OECD Data 1978-93

Ilmakunnas, Pekka; Kanniainen, Vesa - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10010314886

Enterprise Formation and Labor Market Institutions

Kanniainen, Vesa; Vesala, Timo - 2000

The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...

Persistent link: https://www.econbiz.de/10010314914

Entrepreneurship in a Unionised Economy

Leppämäki, Mikko; Kanniainen, Vesa - 2000

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

Persistent link: https://www.econbiz.de/10010315013

Creative destruction and productive preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010291511

Imperfect Transmission of Tacit Knowledge and Other Barriers to Entrepreneurship

Poutvaara, Panu; Kanniainen, Vesa - 2021

Persistent link: https://www.econbiz.de/10013316970

Are High-Growth Firms Overrepresented in High-Tech Industries?

Daunfeldt, Sven-Olof; Elert, Niklas; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2015

It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...

Persistent link: https://www.econbiz.de/10011211884