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Owners of private companies are often highly underdiversified which exposes them to idiosyncratic risk. We investigate the consequences of underdiversification at the company level. Information on US companies and their owners is obtained from the Survey of Consumer Finances and the Survey of...
Persistent link: https://www.econbiz.de/10010297370
Young firms with the ability to internationalize early and decisively have received much attention in recent academic discussion. However, relatively little is known about the underlying processes that enable them to skip several stages of the internationalization process. We contribute to this...
Persistent link: https://www.econbiz.de/10010298789
Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team...
Persistent link: https://www.econbiz.de/10010299836
This paper analyzes how companies of immigrant entrepreneurs in knowledgeintensive industries differ from companies of native entrepreneurs with respect to start-up characteristics, firm survival and innovative performance. I focus on immigrants from the 'recruitment countries' of south and...
Persistent link: https://www.econbiz.de/10010304654
This paper studies the influence of the private benefits of control on the capital structure and the growth of private companies. It is argued that companies in which existing owners would lose more control if they expanded, have smaller equity increases, are more highly levered and grow more...
Persistent link: https://www.econbiz.de/10010297463
Most of the European Member States employ anti-loss trafficking rules. They aim to prevent the acquisition of mere corporate shells with high tax loss carryforwards for the tax asset to be utilized in profitable companies. However, other corporations can unintentionally be affected by the...
Persistent link: https://www.econbiz.de/10012105657
Despite the importance of business creation for the economy and a relevant share of new firms being started out of unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes that ignore self-employment. In this paper, we...
Persistent link: https://www.econbiz.de/10012290514
, perceived behavioural control along with entrepreneurship education on entrepreneurial intentions. In addition, we looked into … towards entrepreneurship, social norms, and entrepreneurial education have a positive influence and perceived behavioural … both for educators designing higher education programmes in the field of entrepreneurship, as well as for crowdfunding …
Persistent link: https://www.econbiz.de/10014462024
Migrant entrepreneurship represents a topic of a high societal and academic significance. For a host country, immigrant … field research carried out between July 2017 and December 2018, the present paper approaches immigrant entrepreneurship in …
Persistent link: https://www.econbiz.de/10014462073
education. The topic is approached from a multi-fold perspective, at the interface among entrepreneurship, management and …
Persistent link: https://www.econbiz.de/10011724756