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New Firm Formation by Industry over Space and Time: A Multi-Level Analysis

Fritsch, Michael; Falck, Oliver - 2003

We apply a multi-level approach to analyze simultaneously the effects of three groups of determinants on new firm formation: industry, location and change over time. The data is for West Germany and covers the 1983-97 period. Our analysis indicates that innovation activities and the...

Persistent link: https://www.econbiz.de/10010260649

Self-employment: A Way to End Unemployment? Empirical Evidence from German Pseudo-Panel Data

Glocker, Daniela; Steiner, Viktor - 2007

This paper contributes to the policy-relevant question whether self-employment is a way out of (long-term) unemployment. We estimate the relationship between the entry rate into self-employment and previous (long-term) unemployment on the basis of pseudo-panel data for Germany in the period...

Persistent link: https://www.econbiz.de/10010260894

Greasing the wheels of entrepreneurship?: the impact of regulations and corruption on firm entry

Dreher, Axel; Gassebner, Martin - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …

Persistent link: https://www.econbiz.de/10010264142

Determinants of survival of newly created SMEs in the Brazilian manufacturing: An econometric study

Façanha, Luis Otávio; Resende, Marcelo; Cardoso, Vicente - 2012

The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as reference the 1996-2005 period. The econometric analysis relies on time-varying version of the proportional hazard rate model that controls for unobserved heterogeneity. The...

Persistent link: https://www.econbiz.de/10010280848

The Determinants of Debt and (Private-) Equity Financing in Young Innovative SMEs : Evidence from Germany

Zimmermann, Volker; Werwatz, Axel; Schäfer, Dorothea - 2004

Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of equity contracts since risky but high returns are of relatively more value for a loan-financed firm. On the contrary, authors who focus explicitly on start-up finance predict that...

Persistent link: https://www.econbiz.de/10010260685

What makes an entrepreneur and does it pay? Native men, Turks, and other migrants in Germany

Zimmermann, Klaus F.; Shachmurove, Yochanan; Constant, … - 2003

This paper focuses on the entrepreneurial endeavors of immigrants and natives in Germany. We pay closer attention to Turks, since they are the largest immigrant group with a strong entrepreneurial tradition, and the self-employed Turks in Germany represent about 70% of all Turkish entrepreneurs...

Persistent link: https://www.econbiz.de/10010324207

School competition and students' entrepreneurial intention: International evidence using historical Catholic roots of private schooling

Falck, Oliver; Woessmann, Ludger - 2010

School choice research mostly focuses on academic outcomes. Policymakers increasingly view entrepreneurial traits as a non-cognitive outcome important for economic growth. We use international PISA-2006 student-level data to estimate the effect of private-school competition on students'...

Persistent link: https://www.econbiz.de/10010270498

Gender differences in entrepreneurial choice and risk aversion: a decomposition based on a microeconometric model

Fossen, Frank M. - 2009

Why are female entrepreneurs so rare? Women have both to a lower entry rate into selfemployment and a higher exit rate in Germany. To explain the gender gap, a structural microeconometric model of the transition rates is estimated, which includes a standard risk aversion parameter. As inputs...

Persistent link: https://www.econbiz.de/10010271131

Risky earnings, taxation and entrepreneurial choice: a microeconometric model for Germany

Fossen, Frank M. - 2007

Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I...

Persistent link: https://www.econbiz.de/10010273789

Do entrepreneurs matter?

Becker, Sascha O.; Hvide, Hans K. - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10010291523