Showing 1 - 10 of 57
performance. Teams consisting of undergraduate students in business studies start up a venture as part of their curriculum. We … manipulated the gender composition of teams and assigned students randomly to teams, conditional on their gender. We find that …
Persistent link: https://www.econbiz.de/10011272579
of this study is to analyze the effectiveness of early entrepreneurship education. To this end, we conduct a randomized … field experiment to evaluate a leading entrepreneurship education program that is taught worldwide in the final grade of … primary school. We focus on pupils’ development of entrepreneurship knowledge and a set of non-cognitive skills relevant for …
Persistent link: https://www.econbiz.de/10011256140
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011255875
This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...
Persistent link: https://www.econbiz.de/10011256233
This paper analyzes the impact of a leading entrepreneurship education program on college studentsentrepreneurship … program was offered to students at one location of a school but not at another location of the same school. Location choice … show that the program does not have the intended effects: the effect on students’ self-assessed entrepreneurial skills is …
Persistent link: https://www.econbiz.de/10011256457
We develop an economic theory of “flexibility”, which we interpret as the discretion orability to make a decision that others disagree with. We show that flexibility is essentiallyan option for the decisionmaker, and can be valued as such. The value of the flexibilityoption is decreasing in...
Persistent link: https://www.econbiz.de/10011249540
Legislation affects corporate governance and the return to human and financial capital. We allow the preference of a political majority to determine both the governance structure and the extent of labor rents. In a society where median voters have relatively more at stake in the form of human...
Persistent link: https://www.econbiz.de/10011255512
We analyze a publicly-traded firm's decision to stay public or go private when managerial autonomy from shareholder intervention affects the supply of productive inputs by management. We show that both the advantage and the disadvantage of public ownership relative to private ownership lie in...
Persistent link: https://www.econbiz.de/10011256406
We estimate the incremental financing decision for a sample of some 150Dutch companies for the years 1984 through 1997, thereby distinguishinginternal finance and three types of external finance: bank borrowing, bondissues and share issues. First, we estimate a multinomial logit model...
Persistent link: https://www.econbiz.de/10011256803
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10011272604