Showing 1 - 10 of 19
We study the impact of state-owned enterprises (SOEs) on the quality of entrepreneurship in China. Using long series of … high-skilled SOE employees were reluctantly unleashed into entrepreneurship. We also provide corroborating evidence for …
Persistent link: https://www.econbiz.de/10014372457
From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...
Persistent link: https://www.econbiz.de/10014250124
In this paper we explore whether or not the experience as a founder of a venture capital-backed startup influences the performance of founders who become venture capitalists (VCs). We find that nearly 7% of VCs were previously founders of a venture-backed startup. Having a successful exit and...
Persistent link: https://www.econbiz.de/10013191001
Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on … global venture activities, we show that as the Chinese venture industry rose in importance, entrepreneurship increased …
Persistent link: https://www.econbiz.de/10014512047
Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship … research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …
Persistent link: https://www.econbiz.de/10012599280
This paper examines how government funding programs geared towards early-stage companies interact with private capital markets. Using hand-collected data on 755 government programs worldwide, we find that governments' allocations to such funding programs have been comparable to global venture...
Persistent link: https://www.econbiz.de/10012510623
Immigrant founders of venture capital-backed companies have been critical to the entrepreneurial ecosystem. We document the channels through which immigrant founders find their way to the United States and how those channels have changed over time. Immigrants have been an important source of...
Persistent link: https://www.econbiz.de/10012533322
ecosystems. Assessing the impact of research institutions on entrepreneurship is challenging, given that these institutions are … measure both the quantity and quality-adjusted quantity of entrepreneurship at the zip-code level on an annual basis. We then … the quality-adjusted quantity of entrepreneurship. In contrast, increases in non-research funding to universities and …
Persistent link: https://www.econbiz.de/10012533395
The theoretical literature has long noted that talent can be used in both the entrepreneurial and non-entrepreneurial sectors, and its allocation depends on the reward structure. We test these hypotheses by linking administrative college admissions data for 1.8 million individuals with the...
Persistent link: https://www.econbiz.de/10012533414
Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
Persistent link: https://www.econbiz.de/10014322738