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Gromb, Denis; Scharfstein, David - C.E.P.R. Discussion Papers - 2002

jobs. Instead, failed entrepreneurs must seek other jobs in an imperfectly informed external labour market. While this is … ex-post inefficient, it provides entrepreneurs with high-powered incentives ex ante. We show that two types of equilibria … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is …

Persistent link: https://www.econbiz.de/10005789057

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

more such innovations by entrepreneurs. Consequently, a venture capital market implies that more innovations are created …

Persistent link: https://www.econbiz.de/10005791605

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

Estrin, Saul; Danakol, Seçil Hülya; Reynolds, Paul; … - Centre for Economic Performance, LSE - 2014

This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro‐panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...

Persistent link: https://www.econbiz.de/10010775216

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

Danakol, Seçil Hülya; Estrin, Saul; Reynolds, Paul; … - C.E.P.R. Discussion Papers - 2014

This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro-panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...

Persistent link: https://www.econbiz.de/10011084197

Growth and Entrepreneurship: An Empirical Assessment

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2006

This paper suggests that the spillover of knowledge may not occur automatically as has typically been assumed in models of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of knowledge from the source creating it to the firm...

Persistent link: https://www.econbiz.de/10005792084

Entrepreneurship Capital - Determinants and Impact

Audretsch, David B; Keilbach, Max - C.E.P.R. Discussion Papers - 2005

Since the early 1980s, the role and general perception of entrepreneurship and start-up activities has changed drastically. In this paper, we investigate what determines regions’ entrepreneurial behaviour and the impact of it on regional economic performance. We argue that economic knowledge...

Persistent link: https://www.econbiz.de/10005124120

Self-Employment Dynamics Across the Business Cycle: Migrants vs Natives

Constant, Amelie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...

Persistent link: https://www.econbiz.de/10005124236

Renascent Men or Entrepreneurship as a One-Night Stand: Entrepreneurial Intentions Subsequent to Firm Exit

Audretsch, David B; Meijaard, Joris; Stam, Erik - C.E.P.R. Discussion Papers - 2005

While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to … to the theoretical prediction that those ex-entrepreneurs with characteristics more conducive to augmenting … entrepreneurial abilities are more likely to become renascent entrepreneurs. Based on the empirical evidence from a database …

Persistent link: https://www.econbiz.de/10005124242

The Knowledge Spillover Theory of Entrepreneurship

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2005

entrepreneurs. Our results show that there is a strong relationship between knowledge spillovers and new venture creation. …

Persistent link: https://www.econbiz.de/10005067475

What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany

Constant, Amelie; Shachmurove, Yochanan; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

represent about 70% of all Turkish entrepreneurs in the European Union. We identify the characteristics of self … entrepreneurs fare in the labour market compared to natives. Employing data from the German Socioeconomic Panel 2000 release we find …

Persistent link: https://www.econbiz.de/10005497816