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Nordic dual income taxation of entrepreneurs

Kanniainen, Vesa; Kari, Seppo; Ylä-Liedenpohja, Jouko - 2005

The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their effort and investments. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on...

Persistent link: https://www.econbiz.de/10003244368

Enterprise formation and labor market institutions

Kanniainen, Vesa; Vesala, Timo - 2000

The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...

Persistent link: https://www.econbiz.de/10001557273

Entrepreneurship in a unionised economy

Kanniainen, Vesa; Leppämäki, Mikko - 2000

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

Persistent link: https://www.econbiz.de/10001563905

Start-up investment with scarce venture capital support

Kanniainen, Vesa - 2001

Start-up entrepreneurs are often commercially inexperienced. In giving managerial advice, venture capitalists can importantly enhance the success of innovative but highly risky ventures. The supply of experienced venture capitalists is not easily increased, however. When the rate of business...

Persistent link: https://www.econbiz.de/10014460974

Imperfect transmission of tacit knowledge and other barriers to entrepreneurship

Kanniainen, Vesa; Poutvaara, Panu - 2007

This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …

Persistent link: https://www.econbiz.de/10010264173

Nordic dual income taxation of entrepreneurs

Kanniainen, Vesa; Kari, Seppo; Ylä-Liedenpohja, Jouko - 2005

Persistent link: https://www.econbiz.de/10010261388

The start-up and growth stages in enterprise formation : the "new view" of dividend taxation reconsidered ; presented at CESifo Area Conference on Public Sector Economics, April 20...

Kanniainen, Vesa; Kari, Seppo; Ylä-Liedenpohja, Jouko - 2005

Early-stage uncertainty makes the initial cost of capital greater than the expansion-stage one. Tax effects on enterprise formation, entrepreneurial effort and quality, and on capital costs are derived. For an incorporated enterprise (i) the entrepreneur’s ability threshold rises with the tax...

Persistent link: https://www.econbiz.de/10003007589

The optimal portfolio of start-up firms in venture capital finance

Kanniainen, Vesa; Keuschnigg, Christian - 2000

A venture capitalist faces a trade-off between the extent of managerial advice allocated to each start-up and the total number of firms advised. Diminishing returns to advice per firm call for a larger portfolio. As advice gets diluted, further expansion of the portfolio eventually becomes...

Persistent link: https://www.econbiz.de/10001554330

Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978 - 93

Ilmakunnas, Pekka; Kanniainen, Vesa - 2000

shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurship and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …

Persistent link: https://www.econbiz.de/10001557181

Tax neutrality: illusion or reality?: the case of entrepreneurship

Kanniainen, Vesa; Panteghini, Paolo M. - 2008

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...

Persistent link: https://www.econbiz.de/10010276142