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Choosing Electoral Rules : Theory and Evidence from US Cities

Aghion, Philippe - 2005

This paper studies the choice of electoral rules, in particular, the question of minority representation. Majorities tend to disenfranchise minorities through strategic manipulation of electoral rules. With the aim of explaining changes in electoral rules adopted by US cities (particularly in...

Persistent link: https://www.econbiz.de/10012467449

Horatio Alger Meets the Mobility Tables

Holtz-Eakin, Douglas - 2000

The question of how entrepreneurship relates to income mobility is cogent given the current public debate about the … sources of income inequality and mobility in United States society. We examine how experience with entrepreneurship has … distribution over time, and to see how their mobility (or lack thereof) was affected by involvement with entrepreneurship. Our main …

Persistent link: https://www.econbiz.de/10012471152

Management Ownership and Corporate Performance : An Empirical Analysis

Morck, Randall - 1986

We investigate the relation between management ownership and corporate performance, as measured by Tobin's Q. In a cross-section of Fortune 500 firms, Tobin's Q first increases and then declines as board of directors holdings rise. For older firms there is weak evidence that Q is lower when a...

Persistent link: https://www.econbiz.de/10012477014

The Effect of Corporate Taxes on Investment and Entrepreneurship

Djankov, Simeon - 2008

We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on "the same" standardized mid-size domestic firm. In a cross-section of countries, our estimates of the effective...

Persistent link: https://www.econbiz.de/10012464891

The Effects of Entry on Incumbent Innovation and Productivity

Aghion, Philippe - 2006

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this...

Persistent link: https://www.econbiz.de/10012466642

Not-For-Profit Entrepreneurs

Glaeser, Edward L. - 1998

Entrepreneurs who start new firms may choose not-for-profit status as a means of committing to soft incentives. Such incentives protect donors, volunteers, consumers and employees from ex post expropriation of profits by the entrepreneur. We derive conditions under which completely...

Persistent link: https://www.econbiz.de/10012472003

Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links

Dunn, Thomas - 1996

The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...

Persistent link: https://www.econbiz.de/10012473223

Entrepreneurial Decisions and Liquidity Constraints

Holtz-Eakin, Douglas - 1993

This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...

Persistent link: https://www.econbiz.de/10012474416

Sticking it Out : Entrepreneurial Survival and Liquidity Constraints

Holtz-Eakin, Douglas - 1993

Persistent link: https://www.econbiz.de/10012474451