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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

Immigrant Entrepreneurship : New Estimates and a Research Agenda

Chodavadia, Saheel; Pekkala Kerr, Sari; Kerr, William R.; … - National Bureau of Economic Research - 2024

Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new … employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of …

Persistent link: https://www.econbiz.de/10014544679

Partisan Entrepreneurship

Engelberg, Joseph; Guzman, Jorge; Lu, Runjing; Mullins, … - National Bureau of Economic Research - 2022

, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time …-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic … entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically …

Persistent link: https://www.econbiz.de/10013334466

Theory-Driven Entrepreneurial Search

Chavda, Ankur; Gans, Joshua; Stern, Scott - National Bureau of Economic Research - 2024

How should theory-based entrepreneurs search for strategies to implement their ideas? The theory-based view of strategy posits that decision-makers hold theories about their environment premised on beliefs that should be actively tested. This causal framework, which underlies the theory-based...

Persistent link: https://www.econbiz.de/10014528358

Technology Adoption and Career Concerns : Evidence from the Adoption of Digital Technology in Motion Pictures

Goehring, Grant; Mezzanotti, Filippo; Ravid, Simon Abraham - National Bureau of Economic Research - 2024

This paper studies the impact of career concerns on technological change by analyzing the adoption of digital cinematography in the US motion picture industry. This setting allows us to collect rich data on the adoption of this new technology at the project-level (i.e., movie) as well as on the...

Persistent link: https://www.econbiz.de/10015056170

Real Option Exercise : Empirical Evidence

Décaire, Paul - 2019

We study when and why firms exercise real options. Using detailed project-level investment data, we find that the likelihood that a firm exercises a real option is strongly related to peer exercise behavior. Peer exercise decisions are as important in explaining exercise behavior as variables...

Persistent link: https://www.econbiz.de/10012479576

Flexible Production and Entry : Institutional, Technological, and Organizational Determinants

Belenzon, Sharon - 2019

Academics, the media, and policymakers have all raised concerns about the implications of human workers being replaced by machines or software. Few have discussed the implications of the reverse: firms' ability to replace capital with workers. We show that this flexibility can help new firms...

Persistent link: https://www.econbiz.de/10012479610

The Valuation of Fisheries Rights : A Real Options Approach

Pizarro, Jose - 2018

This article develops and implements a Real Option approach to value renewable natural resources in the case of Marine Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by fisheries to optimally adapt their harvesting...

Persistent link: https://www.econbiz.de/10012480792

The Effectiveness of Life-Preserving Investments in Times of COVID-19

van Binsbergen, Jules H. - 2020

We analyze the effectiveness of preventive investments aimed at increasing agents' life expectancy, with a focus on influenza and COVID-19 mitigation. Maximizing overall life expectancy requires allocating resources across hazards so as to equalize investments' marginal effectiveness. Based on...

Persistent link: https://www.econbiz.de/10012481577

Real Options in a Dynamic Agency Model, with Applications to Financial Development, IPOs, and Business Risk

Philippon, Thomas - 2007

We study investment options in a dynamic agency model. Moral hazard creates an option to wait and agency conflicts affect the timing of investment. The model sheds light, theoretically and quantitatively, on the evolution of firms' dynamics, in particular the decline of the failure rate and the...

Persistent link: https://www.econbiz.de/10012465063

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