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Entrepreneurship, Economic Conditions, and the Great Recession
Fairlie, Robert W. - CESifo - 2013
opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …
Persistent link: https://www.econbiz.de/10010877680
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How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10010877694
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Liquidity Constraints, Household Wealth, and Entrepreneurship Revisited
Fairlie, Robert W.; Krashinsky, Harry A. - CESifo - 2012
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …
Persistent link: https://www.econbiz.de/10010877695
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010877893
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Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment
Bracke, Philippe; Hilber, Christian; Silva, Olmo - CESifo - 2014
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10010948829
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Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training
Fairlie, Robert W.; Karlan, Dean; Zinman, Jonathan - CESifo - 2014
Theories of market failures and targeting motivate the promotion of entrepreneurship training programs and generate …
Persistent link: https://www.econbiz.de/10010948873
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Self-Employment Across 15 European Countries:
Noorderhaven, N.; Thurik, A.R.; Wennekers, A.R.M.; … - Erasmus Research Institute of Management (ERIM), ERIM … - 2003
This paper deals with differences in the rate of self-employment (business ownership) in 15 European countries for the period 1978-2000, focusing on the influence of dissatisfaction and using the framework of occupational choice. Using two different measures of dissatisfaction, in addition to...
Persistent link: https://www.econbiz.de/10005288417
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Unemployment Benefits Crowd Out Nascent Entrepreneurial Activity
Koellinger, Ph.D.; Minniti, M. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
Analyzing a cross-country panel of 16 OECD countries from 2002 to 2005, we find that higher unemployment benefits crowd out nascent entrepreneurial activity. Our results hold regardless of entrepreneurial motivation (necessity or opportunity) and entrepreneurial type (imitative or innovative).
Persistent link: https://www.econbiz.de/10005288468
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I Can’t Get No Satisfaction - Necessity Entrepreneurship and Procedural Utility
Block, J.H.; Koellinger, Ph.D. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their start-up satisfaction. Our results identify a group of nascent entrepreneurs that “cannot get satisfaction†with their start-up because they did not choose to become...
Persistent link: https://www.econbiz.de/10005288472
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The Locus of Innovation in Small and Medium-sized Firms: The Importance of Social Capital and Networking in Innovative Entrepreneurship
Hulsink, W.; Elfring, T.; Stam, W. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
Social networks matter in the innovation processes of young and small firms, since ‘innovation does not exist in a vacuum (Van De Ven, 1986: 601).’ The contacts a firm has could both generate advantages for further innovation and growth, and disadvantages leading to inertia and...
Persistent link: https://www.econbiz.de/10005288607