Showing 1 - 10 of 73
In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …
Persistent link: https://www.econbiz.de/10005791403
credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …
Persistent link: https://www.econbiz.de/10005123794
We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...
Persistent link: https://www.econbiz.de/10005497863
to the taxation of entrepreneurs in transition economies. …
Persistent link: https://www.econbiz.de/10005656322
We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …
Persistent link: https://www.econbiz.de/10005079007
disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues … entrepreneurs and their perceptions. Using individual-level data from 43 countries from the period 2002 to 2005, we find that … of entrepreneurial activity in specific circumstances. There is hence scope for entrepreneurs, and policies supporting …
Persistent link: https://www.econbiz.de/10008692319
We develop a model of endogenous lobby formation in which wealth inequality and political accountability undermine entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10005662100
individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise …
Persistent link: https://www.econbiz.de/10005662268
The Paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high …-risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur’s profit share … an entrepreneurial sector, the Paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …
Persistent link: https://www.econbiz.de/10005666436
Over the last few years, a series of rulings by the European Court of Justice (ECJ) has opened up the European Union to cross-border mobility in incorporation. In this paper we explore how deregulation and the costs of regulation have affected the location decisions of firms. Using a newly...
Persistent link: https://www.econbiz.de/10005666497