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Entrepreneurship, Organization Capital and the Evolution of the Firm
Oshima, Atsushi; Ravikumar, B.; Riezman, Raymond G. - 2021
We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call...
Persistent link: https://www.econbiz.de/10013316567
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...
Persistent link: https://www.econbiz.de/10013043595
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Immigration and Entrepreneurship
Fairlie, Robert W. - 2015
attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are … immigrant entrepreneurs' contributions to the economy, entrepreneurship differences across groups and group differences in …
Persistent link: https://www.econbiz.de/10013023916
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Booms, Recessions and Financial Turmoil : A Fresh Look at Investment Decisions under Cyclical Uncertainty
Chen, Yu-Fu - 2009
The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework where demand shifts stochastically between three different states, each with different rates of drift and volatility. In our setting the shifts are governed by a three-state Markov...
Persistent link: https://www.econbiz.de/10013156881
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Managing Migration Through Conflicting Policies : An Option-Theory Perspective
Moretto, Michele - 2009
Recent European legislation on immigration has revealed a particular paradox on migration policies. On the one hand, the trend of recent legislation points to the increasing closure of frontiers (OECD 1999, 2001,2004), trying to limit the immigrants' stock. On the other hand, there is an...
Persistent link: https://www.econbiz.de/10013157501
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Investment Effects of Wealth Taxes Under Uncertainty and Irreversiblity
Niemann, Rainer - 2015
The growing dissatisfaction with perceived distributional inequality and budgetary constraints gave rise to a discussion on the (re-)introduction of wealth taxes. Wealth taxes are typically levied on private wealth, in some countries also on corporate wealth. To avoid misleading statements...
Persistent link: https://www.econbiz.de/10013009873
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Stay in School or Start Working? - The Human Capital Investment Decision under Uncertainty and Irreversibility
Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe - 2021
human capital investment decision. Real option theory offers a new perspective of the human capital investment decision …
Persistent link: https://www.econbiz.de/10013316303
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Uncertain Productivity Growth and the Choice between FDI and Export
Yalcin, Erdal - 2021
The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology and sheds light on the effects of productivity...
Persistent link: https://www.econbiz.de/10013316319
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Preemption, Start-Up Decisions and the Firms' Capital Structure
Moretto, Michele; Panteghini, Paolo M. - 2021
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions
Persistent link: https://www.econbiz.de/10013317029
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Gender, Access to Finance, Occupational Choice, and Business Performance
Gazanchyan, Nelli S. - 2017
We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance, occupational choice, and business performance. Our theoretical model predicts that, when lenders discriminate against women entrepreneurs, the average entrepreneurial skill of...
Persistent link: https://www.econbiz.de/10012960476