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This paper examines the use of social capital in the venture creation process. We compare solo entrepreneurs (n=182 … its effects on firm performance. Our results reveal that solo entrepreneurs and new venture teams do not differ in their … find that weak ties assist solo entrepreneurs and have positive significant effects on new venture performance. For team …
Persistent link: https://www.econbiz.de/10010271190
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10010263790
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …
Persistent link: https://www.econbiz.de/10010266651
We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...
Persistent link: https://www.econbiz.de/10010286469
Are firms born Global? Because knowledge spillovers that lead to new venture creation are geographically constrained we believe that firms are born local. It follows that the decision to create sustainable new ventures is independent from the decision to interna-tionalize, even if that is the...
Persistent link: https://www.econbiz.de/10010271773
Creativity is changing the way cities approach economic development and formulate po-licy. Creative metropolises base their economic development strategies, at least partly, on building communities attractive to the creative class worker. While there are count-less examples of high-tech regions...
Persistent link: https://www.econbiz.de/10010271767
entrepreneurs or self-employed in the short-term (immediately after graduation) and in the long-term (five years after graduation … effect of entrepreneurship education on students' intentions to become entrepreneurs or self-employed in the long-term but a …
Persistent link: https://www.econbiz.de/10010291811
The paper reviews the approaches that have been followed for analyzing the effect of new business formation on regional development. It begins with an outline of how start-ups may affect regional development. In dealing with different ways of empirically assessing these effects, I particularly...
Persistent link: https://www.econbiz.de/10010291847
Persistence of entrepreneurship over longer periods of time could indicate a culture of entrepreneurship among the local population that may be an important factor for regional development, but does persistence of economic activity require cultural transmission? We exploit the diverse historical...
Persistent link: https://www.econbiz.de/10012109748
the cases of spin-offs and habitual entrepreneurs. The subject of unemployment-driven entrepreneurship is also explored … chances, while more general forms of human capital may help inexperienced entrepreneurs overcome the barrier posed by the …
Persistent link: https://www.econbiz.de/10010263803