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Gromb, Denis; Scharfstein, David - C.E.P.R. Discussion Papers - 2002

jobs. Instead, failed entrepreneurs must seek other jobs in an imperfectly informed external labour market. While this is … ex-post inefficient, it provides entrepreneurs with high-powered incentives ex ante. We show that two types of equilibria … can arise (and sometimes coexist). In a low (high) entrepreneurship equilibrium, the market for failed entrepreneurs is …

Persistent link: https://www.econbiz.de/10005789057

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

more such innovations by entrepreneurs. Consequently, a venture capital market implies that more innovations are created …

Persistent link: https://www.econbiz.de/10005791605

Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?

Danakol, Seçil Hülya; Estrin, Saul; Reynolds, Paul; … - C.E.P.R. Discussion Papers - 2014

This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro-panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...

Persistent link: https://www.econbiz.de/10011084197

Entrepreneurship Capital - Determinants and Impact

Audretsch, David B; Keilbach, Max - C.E.P.R. Discussion Papers - 2005

Since the early 1980s, the role and general perception of entrepreneurship and start-up activities has changed drastically. In this paper, we investigate what determines regions’ entrepreneurial behaviour and the impact of it on regional economic performance. We argue that economic knowledge...

Persistent link: https://www.econbiz.de/10005124120

Self-Employment Dynamics Across the Business Cycle: Migrants vs Natives

Constant, Amelie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...

Persistent link: https://www.econbiz.de/10005124236

Renascent Men or Entrepreneurship as a One-Night Stand: Entrepreneurial Intentions Subsequent to Firm Exit

Audretsch, David B; Meijaard, Joris; Stam, Erik - C.E.P.R. Discussion Papers - 2005

While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to … to the theoretical prediction that those ex-entrepreneurs with characteristics more conducive to augmenting … entrepreneurial abilities are more likely to become renascent entrepreneurs. Based on the empirical evidence from a database …

Persistent link: https://www.econbiz.de/10005124242

The Knowledge Spillover Theory of Entrepreneurship

Acs, Zoltán J; Audretsch, David B; Braunerhjelm, Pontus; … - C.E.P.R. Discussion Papers - 2005

entrepreneurs. Our results show that there is a strong relationship between knowledge spillovers and new venture creation. …

Persistent link: https://www.econbiz.de/10005067475

What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany

Constant, Amelie; Shachmurove, Yochanan; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

represent about 70% of all Turkish entrepreneurs in the European Union. We identify the characteristics of self … entrepreneurs fare in the labour market compared to natives. Employing data from the German Socioeconomic Panel 2000 release we find …

Persistent link: https://www.econbiz.de/10005497816

Does the New Economy Need New Governance? Ownership, Knowledge and Performance

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

We study the implications of ownership and its induced incentives on firm performance in the ‘New Economy’. Instead of traditional performance we use firm survival on the stock market as the performance indicator. Using a unique data set of all 341 firms listed on the Neuer Markt, the German...

Persistent link: https://www.econbiz.de/10005504269

The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico

Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2012

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

Persistent link: https://www.econbiz.de/10011083751