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The study of Spanish entrepreneurship from a historical perspective is in a very early stage. This paper goes beyond previous ones by specifying a multivariate model for Spain for the whole twentieth century. A Schumpeterian model with the addition of supply, demand and institutional control...
Persistent link: https://www.econbiz.de/10014183621
. According to the Schumpeter banks should stimulate innovations implemented by entrepreneurs in the economy. Unfortunately the … Schumpeter credit contributes to the development, because development results from the activities of entrepreneurs. Other types …
Persistent link: https://www.econbiz.de/10013033808
, Schumpeter did not think that those responsible for creative destruction—individual entrepreneurs—would be able to obtain … sufficient funding to be able develop and launch new products competitively. Because Schumpeterian entrepreneurs and creative … products made broadly available by large firms? In this paper, we argue that venture capital entrepreneurs, emerging in force …
Persistent link: https://www.econbiz.de/10012908768
Many seemingly discordant results are reconciled if firm-specific return volatility is characterized as the intensity with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses, which often amounts to financing Schumpeterian creative...
Persistent link: https://www.econbiz.de/10013082425
A literature review demonstrates credible evidence linking higher firm-specific stock return volatility to a more efficient stock market on one hand; and to higher firm-specific fundamentals volatility on the other. These results are reconciled if (1) market efficiency is interpreted as...
Persistent link: https://www.econbiz.de/10013082794
Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by...
Persistent link: https://www.econbiz.de/10013049664
theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish … commercialization and dissemination of innovations by providing incentives to uncertainty-bearing, not only for entrepreneurs, but also …
Persistent link: https://www.econbiz.de/10015175732
theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish … commercialization and dissemination of innovations by providing incentives to uncertainty-bearing, not only for entrepreneurs, but also …
Persistent link: https://www.econbiz.de/10015163031
theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish … commercialization and dissemination of innovations by providing incentives to uncertainty-bearing, not only for entrepreneurs, but also …
Persistent link: https://www.econbiz.de/10015163698
1908 war der junge Schumpeter überzeugt, mit der persönlichen Energie, dem effort, eine soziologische Grundeigenschaft entdeckt zu haben, die es gestattet, die Wirtschaftsentwicklung erstmals wirtschaftstheoretisch zu fassen. 1911 legte er diese vom „Energieprinzip“ mitstrukturierte...
Persistent link: https://www.econbiz.de/10009269912