Similar Search Results

How Well Does the Market Allocate Entrepreneurs?

Peng, Baochun - Centre for Research into Industry, Enterprise, Finance … - 2000

This paper offers a synthesis of two Schumpeterian views: that growth is driven by innovation, and that the level of financial market development affects the growth process. We adopt an endogenous growth model where growth is driven by R&D activities of entrepreneurs. Entrepreneurs must borrow...

Persistent link: https://www.econbiz.de/10005673165

Self-Employment Wealth and Job Creation: The Roles of Gender, Non-Pecuniary Motivation and Entrepreneurial Ability.

Burke, Andrew E.; FitzRoy, Felix R.; Nolan, Michael A. - Centre for Research into Industry, Enterprise, Finance … - 2000

This paper uses National Child Development Study data for a large cohort of British individuals, to explore the influence of education, inheritance and other background characteristics on the propensity to become self-employed; and also on subsequent success, as measured by job and wealth...

Persistent link: https://www.econbiz.de/10005673121

Is Entrepreneurship Always Good for Growth?

Peng, Baochun - Centre for Research into Industry, Enterprise, Finance … - 2000

Entrepreneurship may not be good for growth. We study the role of entrepreneurship in the context of an endogenous … growth model. the exercise of entrepreneurship has two features in our model: (i) Entrepreneurs do not carry out research … equilibrium growth rate. This negative relationship is caused by the rent seeking element in the exercise of entrepreneurship …

Persistent link: https://www.econbiz.de/10005673131

Entrepreneurial Choice and Performance: A Re-Appraisal of Liquidity and Human Capital Constraints

Burke, Andrew E; FitzRoy, Felix R; Nolan, Michael A - Centre for Research into Industry, Enterprise, Finance … - 1997

A new theory of entrepreneurial effort demonstrates that reducing liquidity constraints may retard the performance of the self-employed. A two dimensional empirical approach then distinguishes the impact of human and financial capital on both the number and performance of the self-employed. This...

Persistent link: https://www.econbiz.de/10005673137

Accounting for Risk: developing a new research agenda for risk appraisal in high-technology ventures

Reid, Gavin C; Smith, Julia A - Centre for Research into Industry, Enterprise, Finance … - 1999

This work concerns the development of new methods of accounting for risk in high-technology ventures. The paper enquires into attitudes to risk and skills at risk management, in the relationship between high-technology firms and their venture capital backers. The basic prescription behind the...

Persistent link: https://www.econbiz.de/10005807924

Performance, Firm Size and the Heterogeneity of Competetive Strategy for Long-lived Small Firms: A Simultaneous Equations Approach

Power, Bernadette; Reid, Gavin C. - Centre for Research into Industry, Enterprise, Finance … - 2003

This paper examines the relationship between firm size, competitive strategy and performance, for the long-lived small firm in Scotland. It uses structural modelling to test the hypothesis that small firms need to remain small if they are to be long-lived. In a three-equation simultaneous model,...

Persistent link: https://www.econbiz.de/10005807936

Venture Capital Supply and Accounting Information System Development

Mitchell, Falconer; Reid, Gavin C; Terry, Nicholas G - Centre for Research into Industry, Enterprise, Finance … - 1996

This study examines the origins and characteristics of information systems of entrepreneurial firms going through that stage in their life cycle when serious growth ambitions are fuelled by an infusion of external capital. It does so by investigating the consequences of venture capital...

Persistent link: https://www.econbiz.de/10005807961

Small Firms, Finance Gaps and Venture Capital

Reid, Gavin C. - Centre for Research into Industry, Enterprise, Finance … - 1992

Exploratory data analysis on a new small firms database is reported upon. It emphasis statistical explanations of whether or not small firms experience funding shortages. Univariate probit estimators of the probability of experiencing funding shortages are reported upon. Control variables were...

Persistent link: https://www.econbiz.de/10008646258

Growth and Survival Determinants of Chinese Private Firms: Fieldwork evidence and econometric estimates

Reid, Gavin C; Xu, Zhibin - Centre for Research into Industry, Enterprise, Finance … - 2009

This paper reports on one of the first empirical attempts to investigate small firm growth and survival, and their determinants, in the Peoples’ Republic of China. The work is based on field work evidence gathered from a sample of 83 Chinese private firms (mainly SMEs) collected initially by...

Persistent link: https://www.econbiz.de/10008491837

Making Small Firms Work: Policy Dimensions and the Scottish Context

Reid, Gavin C - Centre for Research into Industry, Enterprise, Finance … - 1998

The basic framework of the discussion revolves around two samples of Scottish small firms for the periods 1985-88 and 1994-97. It is shown that both samples were drawn during similar (prosperous) phases of the macroeconomic cycle. Further evidence is advanced which indicates that grant and...

Persistent link: https://www.econbiz.de/10005696975