Showing 1 - 9 of 9
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
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
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
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital …
Persistent link: https://www.econbiz.de/10012466069
We explore the impact of the institutional environment on the nature of entrepreneurial activity across Europe. Political, legal, and regulatory variables that have been shown to impact capital market development influence entrepreneurial activity in the emerging markets of Europe, but not in...
Persistent link: https://www.econbiz.de/10012468529
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
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
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
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/10012474451