Showing 1 - 10 of 77
We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...
Persistent link: https://www.econbiz.de/10008671901
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10005051036
This survey reviews the theoretical literature on high impact entrepreneurship. The survey is guided in part by the … recent classification changes at the Journal of Economic Literature (JEL) regarding entrepreneurship. The board voted to … create a new classification code, L26, for entrepreneurship. The JEL intends to use this code for all articles and books that …
Persistent link: https://www.econbiz.de/10004970272
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …
Persistent link: https://www.econbiz.de/10005090597
The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firm´s capital structure. A small firm´s choice of financing sources may be limited by the...
Persistent link: https://www.econbiz.de/10005032013
Entrepreneurs are found to have balanced skill sets and most have worked in small firms before starting their own … entrepreneurs using a rich data set on the applied skills of individuals. This data set allows us to construct an indicator that … of entrepreneurs remains the largest. The impact of human capital formation on skill balance also varies among employees …
Persistent link: https://www.econbiz.de/10009131067
We investigate the effect of broad personality traits-the Big Five-on an individual's decision to become self- employed. In particular, we test an overall indicator of the entrepreneurial personality. Since we find that the level of self-employment varies considerably across professions, we also...
Persistent link: https://www.econbiz.de/10008690101
Mounting empirical evidence shows that kids of self-employed parents are very likely to become entrepreneurs themselves …
Persistent link: https://www.econbiz.de/10010686909
There already exists broad literature investigating small and innovative firms in many respects. However, there have been few attempts to assess this group of firms' propensity to patent or its patenting activities. This paper intends to fill that gap. By applying a new approach to account for...
Persistent link: https://www.econbiz.de/10010661183
suggests that entrepreneurship is a key driver of economic development, and one that has long-run effects. …
Persistent link: https://www.econbiz.de/10011143965