inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by …This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have …

. 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 cross-section OECD data on 19 economies over 1978-98. Support is found for the view that …

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …

-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …

measure of entrepreneurship derived from matching files from the Current Population Survey (CPS) is used to provide the first …. Estimates indicate that hi-tech entrepreneurship rates were lower in Silicon Valley than the rest of the United States during … the period from January 1996 to February 2000. Examining the post-boom period, we find that entrepreneurship rates in …

industry compositions partly placed these groups at a higher risk of business activity losses. Immigrant business owners …

market is endogenously formed. Bank assets are hit by idiosyncratic shocks drawn from a thin tailed distribution. The uneven … to be heavily indebted to other banks, their liquidation can trigger other bank failures. We find that the distribution …

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … rate of interest on liquid wealth: (i) mortgage debt, by amplifying risk aversion, diminishes the likelihood that … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when …

Theories of market failures and targeting motivate the promotion of entrepreneurship training programs and generate …