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We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …
Persistent link: https://www.econbiz.de/10010528295
causal effects on product quality, production efficiency, and exports. Poor management practices may thus hinder trade and …We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product … quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find …
Persistent link: https://www.econbiz.de/10011864551
Persistent link: https://www.econbiz.de/10003498651
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This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax policy. In many countries, governments subsidize the creation of new firms. One possible justification for these subsidies is that capital markets for the financing of new firms...
Persistent link: https://www.econbiz.de/10011506206
This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...
Persistent link: https://www.econbiz.de/10011506218
Can culture explain persistent differences in economic activity among individuals and across regions? A novel measure of cultural origin enables us to contrast the entrepreneurial activity of individuals located in the same municipality but whose ancestors lived just on opposite sides of the...
Persistent link: https://www.econbiz.de/10012597889
. We find that the elasticity of exports to return migration is between 0.1 to 0.24 in industries where migrants were …
Persistent link: https://www.econbiz.de/10011933941
We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms …' management competency is associated with a 7.5 percent improvement in sales productivity and a 29.2 increase in profitability ….1 percent in management practices and in all aspects of administration. We conjecture this is partially related to the …
Persistent link: https://www.econbiz.de/10014477795
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443