In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team … whole population of Danish firms founded in 1998, I find that the average ability level in a team and the team size have … firms. The degree of homogeneity with respect to ability and the degree of heterogeneity with respect to educations have no …

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form …

sample of newly founded firms from the ZEW Firm Start-up Panel. The sample contains firms which were founded between 1993 and …

use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts … that individuals segregate between firms according to their level of ability. Further, the theory implies that a higher … average ability level within firms is positively related to both the number of individuals and capital per head. Using a rich …