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Returns to private equity : idiosyncratic risk does matter!

Müller, Elisabeth - 2009

Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...

Persistent link: https://www.econbiz.de/10003922530

On tax evasion, entrepreneurial generosity and fungible assets

Bittschi, Benjamin; Borgloh, Sarah; Moessinger, Marc-Daniel - 2016

We estimate the effects of income from various sources on charitable giving using administrative German income tax data … remaining income sources. 2) An entrepreneurship researcher would conclude that business owners are more generous than employees …

Persistent link: https://www.econbiz.de/10011441166

The growth and human capital structure of new firms over the business cycle

Brixy, Udo; Murmann, Martin - 2016

employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We … complement prior research that is mostly based on aggregate data by analyzing cyclical effects at the firm level. Using new … linked employer-employee data on German start-ups we show that under constant human capital of the firms' founders …

Persistent link: https://www.econbiz.de/10011567399

The productivity effects of worker replacement in young firms

Murmann, Martin - 2017

Existing management research has so far dealt with the consequences of labor turnover for established firms, but has not addressed its effect on young entrepreneurial businesses. In this paper I assess, both theoretically and empirically, the productivity effects of worker replacement in young...

Persistent link: https://www.econbiz.de/10011606997