Narrow search
Showing 1 - 10 of 102
Cover Image
Sources of Growth: the Entrepreneurial versus the Managed Economy
Audretsch, David B; Thurik, A R Roy - C.E.P.R. Discussion Papers - 1997
made a plea for guidance in the era of entrepreneurship, scholars have been slow to respond. The purpose of this paper is … introduced a greater element of entrepreneurship have been rewarded with additional growth. …
Persistent link: https://www.econbiz.de/10005504288
Cover Image
Taxation and Venture Capital-Backed Entrepreneurship
Keuschnigg, Christian; Nielsen, Soren Bo - C.E.P.R. Discussion Papers - 2003
capital-backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important …
Persistent link: https://www.econbiz.de/10005504248
Cover Image
Debt or Equity? The Role of Venture Capital in Financing the New Economy in Germany
Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002
Using a dataset of the firms listed on the Neuer Markt in Germany, this Paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...
Persistent link: https://www.econbiz.de/10005504258
Cover Image
What are Firms? Evolution from Birth to Public Companies
Kaplan, Steven; Sensoy, Berk A.; Strömberg, Per Johan - C.E.P.R. Discussion Papers - 2005
We study how firm characteristics evolve from early business plan, to initial public offering, to public company for 49 venture capital financed companies. The average time elapsed is almost six years. We describe the financial performance, business idea, point(s) of differentiation, non-human...
Persistent link: https://www.econbiz.de/10005792538
Cover Image
Tax Policy, Venture Capital and Entrepreneurship
Keuschnigg, Christian; Nielsen, Soren Bo - C.E.P.R. Discussion Papers - 2000
an entrepreneurial sector, the Paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …
Persistent link: https://www.econbiz.de/10005666436
Cover Image
Entrepreneurship in Equilibrium
Gromb, Denis; Scharfstein, David - C.E.P.R. Discussion Papers - 2002
This Paper compares the financing of new ventures in start-ups (entrepreneurship) and in established firms … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is … (entrepreneurship). We also characterize conditions under which there can be too little or too much entrepreneurial activity in …
Persistent link: https://www.econbiz.de/10005789057
Cover Image
The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006
Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....
Persistent link: https://www.econbiz.de/10005791605
Cover Image
The Invisible Hand in Corporate Governance
Chhaochharia, Vidhi; Laeven, Luc - C.E.P.R. Discussion Papers - 2007
We evaluate the impact of firm-level corporate governance provisions on the valuation of firms in a large cross-section of countries. Unlike previous work, we distinguish between governance provisions that are set at the country-level and those that are adopted at the firm-level. We find that...
Persistent link: https://www.econbiz.de/10005067567
Cover Image
How Should Control Theory be Used by a Time-Consistent Government?
Cohen, Daniel; Michel, Philippe - C.E.P.R. Discussion Papers - 1986
It has been recognized that the optimal strategy of a government is generally time-inconsistent: optimality requires that the government take into account expectations effects in the formulation of its policy and to ignore these effects when applying the policy. In order to analyse the problem,...
Persistent link: https://www.econbiz.de/10005666548
Cover Image
Demand- and Supply-Side Policies and Unemployment: Policy Implications of the Insider-Outsider Approach
Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1989
The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated through the conflicting of interest between insiders and outsiders. It also provides guidelines for identifying policies that may be ineffective. We show how supply side policies can...
Persistent link: https://www.econbiz.de/10005666572