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Does Emigration Drain Entrepreneurs?
Anelli, Massimo - 2020
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012829325
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Age-Specific Entrepreneurship and PAYG Public Pensions in Germany
Heer, Burkhard - 2020
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012827665
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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/10010314914
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Entrepreneurship in a Unionised Economy
Leppämäki, Mikko; Kanniainen, Vesa - 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/10010315013
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Are Business Start-Ups Liquidity Constrained? Evidence from a Quasi-Experimental Allocation of Housing Wealth in East Germany
Fuchs, Tobias - 2019
Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era decisions, we argue yes, as we find that wealthier East Germans are more likely to become self-employed after reunification. In the literature, no such strong relationship was found...
Persistent link: https://www.econbiz.de/10012865172
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010291511
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Labour Costs and the Decision to Hire the First Employee
Cockx, Bart; Desiere, Sam - 2023
Firms without paid employees account for up to 80% of all firms, but only a small minority ever hires. This paper investigates the relationship between labour costs and the decision to hire a first employee and become an employer. Leveraging a unique policy in Belgium that permanently reduced...
Persistent link: https://www.econbiz.de/10014377400
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Labour Costs and the Decision to Hire the First Employee
Cockx, Bart; Desiere, Sam - 2023
Firms without paid employees account for up to 80% of all firms, but only a small minority ever hires. This paper investigates the relationship between labour costs and the decision to hire a first employee and become an employer. Leveraging a unique policy in Belgium that permanently reduced...
Persistent link: https://www.econbiz.de/10014356485
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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
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Self-selection and advice in venture capital finance
Keuschnigg, Christian; Nielsen, Søren Bo - 2007
level and quality of entrepreneurship and the level of effort by entrepreneurs and venture capitalists. We also provide …
Persistent link: https://www.econbiz.de/10010276036