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Should continued family firms face lower taxes than other estates?
Grossmann, Volker; Strulik, Holger - 2008
Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...
Persistent link: https://www.econbiz.de/10010265682
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An Innovation Policy Framework: Bridging the Gap between Industrial Dynamics and Growth
Braunerhjelm, Pontus; Henrekson, Magnus - 2015
of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …
Persistent link: https://www.econbiz.de/10010504476
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Intrapreneurship: Productive, Unproductive, and Destructive
Elert, Niklas; Stenkula, Mikael - 2020
Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation …
Persistent link: https://www.econbiz.de/10012615435
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Jobs Incorporated: Incorporation Status and Job Creation
Åstebro, Thomas; Tåg, Joacim - 2015
Recent research has shown that entrepreneurs who start incorporated firms are fundamentally different from entrepreneurs who start sole proprietorships. This difference suggests that incorporation status may distinguish the self-employed with no ambition to hire from entrepreneurs who plan to...
Persistent link: https://www.econbiz.de/10010504485
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Does College Education Reduce Small Business Failure?
Asoni, Andrea; Sanandaji, Tino - 2014
We estimate the effect of college education on business survival using the NLSY79. The endogeneity of both education and business ownership is accounted for by a competing risks duration model augmented with a college selection equation. Contrary to the previous literature, we fi nd no effect of...
Persistent link: https://www.econbiz.de/10010504519
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Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework
Douhan, Robin; van Praag, Mirjam - 2009
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10010320274
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Compulsory Education and Jack-of-all-trades Entrepreneurs
Douhan, Robin - 2009
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...
Persistent link: https://www.econbiz.de/10010320287
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Intelligence, Self-confidence and Entrepreneurship
Asoni, Andrea - 2011
I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and...
Persistent link: https://www.econbiz.de/10010320404
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A Theory of Private Research Funding
Friedrici, Karola; Hakenes, Hendrik - 2011
Research can be carried out in academia, or in the private sector, or as a mixture, for example as privately funded academic research. We develop a theoretical framework in which private research funding (PRF) transfers information about the value of a research project from the private sector...
Persistent link: https://www.econbiz.de/10010294443
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Quantity or quality? Knowledge alliances and their effects on patenting
Hottenrott, Hanna; Lopes-Bento, Cindy - 2013
This study shows for a large sample of R&D-active manufacturing firms over the period 2000-2009 that knowledge … alliances that aim at joint creation of new knowledge and alliances that aim at the exchange of knowledge, results suggest that … creation alliances lead to more valuable patents as they receive significantly more forward citations per patent. Knowledge …
Persistent link: https://www.econbiz.de/10010327546