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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
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
Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation …
Persistent link: https://www.econbiz.de/10012615435
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
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
This paper addresses the question of organization of work and efficient reorganization. An emerging literature is basically concerned with the polar model of high involvement (holistic) vs. traditional (Tayloristic) work organizations. This paper extends in two ways: First, the polar case is...
Persistent link: https://www.econbiz.de/10010317613
The objective of the paper is to confront the conclusions in the seminal papers of Lindbeck and Snower (2001, 2000, 1996) and Snower (1998) with the empirical evidence in the manufacturing sector, thus testing the from-Tayloristic-to-holistic-organization model. Starting from stylized facts as...
Persistent link: https://www.econbiz.de/10010317617
Das Polarmodell zur holistischen Reorganisation nimmt seinen Ausgang bei den stilisierten Fakten der vergangenen zwei Dekaden, die durch massive Umbauprozesse, gerade auch bei der Arbeitsorganisation, gekennzeichnet sind. Der vorliegende Beitrag schließt den Kreis, indem er das Polarmodell...
Persistent link: https://www.econbiz.de/10010317629
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
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