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rents after rehiring or refinancing the entrepreneurs. Hence, corporate venturing induces the would-be entrepreneur to exert … paribus, the entrepreneur ends up with fewer shares and less control under CVC financing than under traditional VC financing …
Persistent link: https://www.econbiz.de/10005067369
Productivity growth in the United States was considerably faster during 2000-03 than in the boom years of 1995-2000. This ebullient productivity performance raises numerous questions about its interpretation and its implications for the future, and these are stated here in the form of five...
Persistent link: https://www.econbiz.de/10005123790
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Persistent link: https://www.econbiz.de/10005504697
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
We provide, for the first time, comparative evidence of the impact of various types of extreme events – natural disasters, terrorism, and violent conflicts – on the perceptions of entrepreneurs concerning some key entrepreneurial issues – such as fear of failure in starting a business...
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
-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
This paper sheds light on the questions, Why does knowledge spill over? and How does knowledge spill over? The answer to these questions lies in the incentives confronting scientists to appropriate the expected value of their knowledge considered in the context of their path-dependent career...
Persistent link: https://www.econbiz.de/10005666782