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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
Earlier studies have shown that entrepreneurs play a key role in shaping regional development. Innovator networks where these entrepreneurs are members of have been identified as one among many critical factors for their firms' success. This paper intents to go one step further and analyses in...
Persistent link: https://www.econbiz.de/10011580462
Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U …
Persistent link: https://www.econbiz.de/10011917044
-impact Schumpeterian entrepreneurship relative to the U.S. Once we account for Europe's strong performance in technological innovation, an …
Persistent link: https://www.econbiz.de/10011917046
This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at … evidence that the innovative success subsequent to firm formation is enhanced by entrepreneur's prior technological knowledge … but not by prior market and organizational knowledge. Moreover we find that prior technological knowledge gathered through …
Persistent link: https://www.econbiz.de/10010263810
This paper examines the use of social capital in the venture creation process. We compare solo entrepreneurs (n=182) and new venture teams (n=274) from a random sample of start-ups in innovative industries and test social capital use and its effects on firm performance. Our results reveal that...
Persistent link: https://www.econbiz.de/10010271190
This paper focuses on knowledge-based entrepreneurship, or new firm creation in industries which are considered to be … studies of thirteen knowledge-based firms in six ECE countries, we suggest that KBE firms in these countries may differ in … some important ways from the conventional picture of new technology based firms. In general, we see the ECE knowledge …
Persistent link: https://www.econbiz.de/10011430867
Following the broad overview of knowledge-intensive entrepreneurship (KIE), or new firm creation in industries … (Woodward et al., 2012), this working paper presents an analysis of two Sectoral Innovation Systems (Malerba, 2002) in the … role of "knowledge customizers" rather than "knowledge creators"; in an international comparison, even with other post …
Persistent link: https://www.econbiz.de/10011430890
Innovation System, and then focus on KIE itself. Our findings are perhaps more optimistic than many previous studies of knowledge …This study surveys the current state of affairs in Poland with regard to the development of knowledge … which universities are playing a significant role as partners for firms in the innovation process has increased …
Persistent link: https://www.econbiz.de/10011430906
One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...
Persistent link: https://www.econbiz.de/10011442493