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Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
Persistent link: https://www.econbiz.de/10014322738
This research examines the determinants of entrepreneurship in the initial transition from agriculture to industrial …
Persistent link: https://www.econbiz.de/10014322864
From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...
Persistent link: https://www.econbiz.de/10014250124
Social relationships channel information, influence, and access to scarce resources. As a consequence, social networks - the patterns of these relationships across the members of a community - influence who comes up with important innovations, whether and how rapidly those innovations get...
Persistent link: https://www.econbiz.de/10012455250
Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...
Persistent link: https://www.econbiz.de/10013210119
taxes prevent excessive entry into entrepreneurship. Optimal wealth taxes are positive but close to zero, since they …
Persistent link: https://www.econbiz.de/10013191056
Introduction / Josh Lerner and Antoinette Schoar -- International perspectives on the nature of entrepreneurship … -- Explaining international differences in entrepreneurship: the role of individual characteristics and regulatory constraints … Colombian case / Camilo Mondragón-Vélez and Ximena Peña -- Entrepreneurship and firm formation across countries / Leora Klapper …
Persistent link: https://www.econbiz.de/10013480724
"Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations … a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions … allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship …
Persistent link: https://www.econbiz.de/10012625463
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
We examine the impact of local racial demonstrations, such as Black Lives Matter (BLM) protests, and the subsequent racial justice movement following the death of George Floyd on racial disparities in Paycheck Protection Program loan disbursements to small businesses. Using...
Persistent link: https://www.econbiz.de/10014544755