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The First Deal : The Division of Founder Equity in New Ventures
Hellmann, Thomas F. - 2014
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of costly bargaining, where founders trade off the simplicity...
Persistent link: https://www.econbiz.de/10013068298
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Sex Ratios, Entrepreneurship, and Economic Growth in the People's Republic of China
Wei, Shang-Jin - 2014
imbalance may also stimulate economic growth by inducing more entrepreneurship and hard work. First, new domestic private firms …
Persistent link: https://www.econbiz.de/10013068516
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Financing Constraints and Entrepreneurship
Kerr, William - 2014
important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …
Persistent link: https://www.econbiz.de/10013070601
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Tax Policy, Venture Capital, and Entrepreneurship
Keuschnigg, Christian - 2006
an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …
Persistent link: https://www.econbiz.de/10012783952
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The Causal Link between Relative Age Effect and Entrepreneurship : Evidence from 17 Million Users Across 49 Years on Taobao
Wang, Youwei - 2018
We use an extensive panel of 17 million individuals born between 1947 and 1995 from China's largest online marketplace, Taobao, to study the impact of RAE on the propensity to become an entrepreneur. Using events surrounding the Cultural Revolution and the issuance of the Compulsory Education...
Persistent link: https://www.econbiz.de/10012907125
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The Burden of the Nondiversifiable Risk of Entrepreneurship
Hall, Robert E. - 2014
aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …
Persistent link: https://www.econbiz.de/10012751344
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Do Multinationals' R&D Activities Stimulate Indigenous Entrepreneurship? Evidence from China's "Silicon Valley"
Cai, Hongbin - 2014
(MNEs) affect local entrepreneurship and Ramp;D activities upon entry. We find that Ramp;D activities of MNEs in an industry …
Persistent link: https://www.econbiz.de/10012751729
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Skill vs. Luck in Entrepreneurship and Venture Capital : Evidence from Serial Entrepreneurs
Gompers, Paul A. - 2014
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital …
Persistent link: https://www.econbiz.de/10012752094
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China Incorporated
Hendrischke, Hans; Krug, Krug, B. - Erasmus Research Institute of Management (ERIM), … - 2001
The development of entrepreneurship and a private business sector in China pose various challenges to analysis. On the …
Persistent link: https://www.econbiz.de/10010837601
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Entrepreneurship in China: Institutions, organisational identity and survival: empirical results from two provinces
Hendrischke, Hans; Krug, Krug, B. - Erasmus Research Institute of Management (ERIM), … - 2002
China therefore entrepreneurship depends crucially on the ability to establish firms, i.e. to find organisational forms for … entrepreneurship depends on mechanisms for co-ordinating individual or organisational behaviour of firms. These mechanisms were lacking … components of (private) entrepreneurship. One is the search for organisational forms conforming to the situational constraints …
Persistent link: https://www.econbiz.de/10010731089