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A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10011083758
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10011083991
development (R&D) and generate new knowledge. This new knowledge has a positive effect on entrepreneurship, innovation, and growth …. However, after some point, further strengthening of patent protection will reduce the returns to entrepreneurship sufficiently …
Persistent link: https://www.econbiz.de/10010865397
The knowledge spillover theory of entrepreneurship identifies new knowledge as a source of entrepreneurial … firms or research institutions. This paper argues that, knowledge spillover entrepreneurship depends not only on new …, recognize its value, and commercialize it by creating a firm. This absorptive capacity theory of knowledge spillover …
Persistent link: https://www.econbiz.de/10010865444
This article is an introduction to the special issue from the 4th Global Entrepreneurship Monitor Research Conference …. The second is to present a summary of the papers in the context of the utility of GEM data in comparative entrepreneurship …
Persistent link: https://www.econbiz.de/10010865490
Persistent link: https://www.econbiz.de/10010865514
production processes. Our model embeds the core idea of the knowledge spillover theory of entrepreneurship in established …We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at improving existing …
Persistent link: https://www.econbiz.de/10010865515
Persistent link: https://www.econbiz.de/10005061402
We study how complementarities and intellectual property rights affect the management of knowledge workers. The main results relay when a firm will wish to sue workers that leave with innovative ideas, and the effects of complementary assets on wages and on worker initiative. We argue that firms...
Persistent link: https://www.econbiz.de/10005497759
Lee S. Y., Florida R. and Acs Z. J. (2004) Creativity and entrepreneurship: a regional analysis of new firm formation … formation rates, little attention has been paid to the interaction among social diversity, human capital and entrepreneurship …
Persistent link: https://www.econbiz.de/10005457763