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Perotti, Enrico C; Volpin, Paolo - C.E.P.R. Discussion Papers - 2004

entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants … higher rents earned with less competition. Entry and investor protection improve when wealth distribution becomes less … countries we find that greater accountability is associated with higher entry in sectors that are more dependent on external …

Persistent link: https://www.econbiz.de/10005662100

Asymmetric Information, Agency Costs and Innovative Entry

Audretsch, David B - C.E.P.R. Discussion Papers - 1994

The decision of how best to appropriate the value of new economic knowledge is reached by individuals within the context of the decision-making process embedded in the principal-agent model and applied to organizations. Because new economic knowledge is not only imperfect but also inherently...

Persistent link: https://www.econbiz.de/10005791501

Does the New Economy Need New Governance? Ownership, Knowledge and Performance

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

We study the implications of ownership and its induced incentives on firm performance in the ‘New Economy’. Instead of traditional performance we use firm survival on the stock market as the performance indicator. Using a unique data set of all 341 firms listed on the Neuer Markt, the German...

Persistent link: https://www.econbiz.de/10005504269

Do entrepreneurs matter?

Becker, Sascha O.; Hvide, Hans K - C.E.P.R. Discussion Papers - 2013

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

Market Size, Entrepreneurship, and Income Inequality

Behrens, Kristian; Pokrovsky, Dmitry; Zhelobodko, Evgeny - C.E.P.R. Discussion Papers - 2014

We develop a monopolistic competition model with two sectors and heterogeneous agents who self-select into entrepreneurship, depending on entrepreneurial ability. The effect of market size on the equilibrium share of entrepreneurs crucially hinges on properties of the lower-tier utility function...

Persistent link: https://www.econbiz.de/10011084591

Price Competition, Innovation and Profitability: Theory and UK Evidence

Symeonidis, George - C.E.P.R. Discussion Papers - 2001

This Paper examines the effect of price competition on innovation, market structure and profitability in R&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation counts and profitability over 1952-77. The...

Persistent link: https://www.econbiz.de/10005666839

An Applied Econometrician's View of Large Company Performance

Geroski, Paul A - C.E.P.R. Discussion Papers - 1998

This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown...

Persistent link: https://www.econbiz.de/10005789166

Innovation scoring no sector de serviços de saúde: um estudo de caso [Innovation scoring in the sector health services: a case study]

Maia, Maria João - Centro de Investigação em Inovação Empresarial e do … - 2011

Nowadays, innovation has been understood as an overall strategy for a company. Thus, it should remain adapted, flexible and responsive to the market changes, where the company operates. For a company to succeed in the innovation process, it should be clear about their position on this issue....

Persistent link: https://www.econbiz.de/10010615655