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Turbulence, Flexibility and Performance of the Long-lived Small Firm

Power, Bernadette; Reid, Gavin C - Tinbergen Institute - 2003

in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …

Persistent link: https://www.econbiz.de/10005137189

The Value of Human and Social Capital Investments for the Business Performance of Start-ups

Bosma, Niels; Praag, Mirjam van; Thurik, Roy; Wit, Gerrit de - Tinbergen Institute - 2002

effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival … founders, we conclude that specific investments indeed affect the three performance measures substantially and significantly …

Persistent link: https://www.econbiz.de/10005450787

Entrepreneurship Selection and Performance

Sluis, Justin van der; Praag, Mirjam van; Vijverberg, Wim - Tinbergen Institute - 2003

performance in developing economies looks at variations in impact across specific characteristics of the studies. A marginal year …

Persistent link: https://www.econbiz.de/10005144501

Returns for Entrepreneurs versus Employees: The Effect of Education and Personal Control on the Relative Performance of Entrepreneurs vis-à-vis Wage Employees

Praag, Mirjam van; Witteloostuijn, Arjen van; Sluis, … - Tinbergen Institute - 2009

How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance …

Persistent link: https://www.econbiz.de/10008513241

A Monte Carlo Comparison between the Free Cash Flow and Discounted Cash Flow Approaches

Akalu, Mehari Mekonnen; Turner, Rodney - Tinbergen Institute - 2002

One of the debates in the capital budgeting model selection is between the free cash flow and DCF methods. In this paper an attempt is made to compare SVA against NPV model based on Monte Carlo simulations. Accordingly, NPV is found less sensitive to value driver variations and has got higher...

Persistent link: https://www.econbiz.de/10005137022

Evaluating the Capacity of Standard Investment Appraisal Methods

Akalu, Mehari Mekonnen - Tinbergen Institute - 2002

The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...

Persistent link: https://www.econbiz.de/10005137133

Entrepreneurship and Role Models

Bosma, Niels; Hessels, Jolanda; Schutjens, Veronique; … - Tinbergen Institute - 2011

In the media role models are increasingly being acknowledged as an influential factor in explaining the reasons for the choice of occupation and career. Various conceptual studies have proposed links between role models and entrepreneurial intentions. However, empirical research aimed at...

Persistent link: https://www.econbiz.de/10008921780

Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2010

Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...

Persistent link: https://www.econbiz.de/10008838535

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2011

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated the impacts both of risk aversion and balanced skills...

Persistent link: https://www.econbiz.de/10009399735

Unraveling the Shift to the Entrepreneurial Economy

Audretsch, D.B.; Thurik, A.R. - Tinbergen Institute - 2010

significantly increased, and (2) a positive relationship exists between entrepreneurial activity and economic performance. However …

Persistent link: https://www.econbiz.de/10008484066