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Initial luck, status-seeking and snowballs lead to corporate success and failure : presented at CESifo Area Conference on Industrial Organization, March 2004

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - 2004

Corporate success stories often resemble a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and statusseeking by workers and by consumers can make small initial differences generate large differences over time.

Persistent link: https://www.econbiz.de/10011449539

Follow the money : does the financial sector intermediate natural resource windfalls?

Beck, Thorsten; Poelhekke, Steven - 2017 - This version: 18 February 2017

The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...

Persistent link: https://www.econbiz.de/10011615740

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 entrepreneurial 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/10009781637

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/10009781640

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/10009781656

Priority roads : the political economy of Africa's interior-to-coast roads

Bonfatti, Roberto; Gu, Yuan; Poelhekke, Steven - 2019

Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are … investigate the political determinants of road paving in West Africa across the 1965-2012 period. Controlling for geography and … networks expanded in a less interior-to-coast way in periods of democracy. This result suggests that Africa's interior …

Persistent link: https://www.econbiz.de/10011966676

Droughts and malnutrition in Africa

Fingado, Nora; Poelhekke, Steven - 2023

How costly are droughts to individuals' nutrition in Africa? We measure severe droughts using a detailed satellite …

Persistent link: https://www.econbiz.de/10014252292

Nordic dual income taxation of entrepreneurs

Kanniainen, Vesa (contributor); Kari, Seppo (contributor); … - 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/10003299047

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

Kanniainen, Vesa (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003711916

Imperfect transmission of tacit knowledge and other barriers to entrepreneurship

Kanniainen, Vesa (contributor); Poutvaara, Panu (contributor) - 2007

Persistent link: https://www.econbiz.de/10003499576