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more risk-averse individuals are less likely to become entrepreneurs. Empirical tests of this assumption are scarce …
Persistent link: https://www.econbiz.de/10010297253
This paper empirically analyzes whether the character-based approach, which is based on the personality structure and the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting of 414 previously unemployed persons whose personal...
Persistent link: https://www.econbiz.de/10010297258
Using data from the German Socio-Economic Panel Study (GSOEP), we analyze whether necessity entrepreneurs differ from … opportunity entrepreneurs in terms of self-employment duration. Using univariate statistics, we find that opportunity … entrepreneurs remain in self-employment longer than necessity entrepreneurs. However, after controlling for the entrepreneurs …
Persistent link: https://www.econbiz.de/10010427746
Ein Großteil der Neugründungen in Deutschland ist auf staatliche Förderung von Existenzgründern zurückzuführen. Dieser Anteil hat sich nach Einführung des als „Ich-AG“ bekannten Existenzgründungszuschusses Anfang 2003 stark erhöht. Die Erfolgsfaktorenforschung hat diese Form von...
Persistent link: https://www.econbiz.de/10010427753
Entrepreneurship education ranks highly on policy agendas in Europe and the US, but little research is available to assess its impacts. In this context it is of primary importance to understand whether entrepreneurship education raises intentions to be entrepreneurial generally or whether it...
Persistent link: https://www.econbiz.de/10010427773
This paper uses a unique dataset from Denmark to investigate (1) the role of family characteristics in corporate decision making, and (2) the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or an external chief executive officer (CEO). We...
Persistent link: https://www.econbiz.de/10012142315
Social capital is defined as the shared knowledge, trust, and culture, embodied in the structural forms of networks and other stable inter-agent relationships. Social capital has been shown to be more difficult to build than economic capital, and to have greater beneficial effects for community...
Persistent link: https://www.econbiz.de/10010299417
In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase transparency. While both sellers and buyers have a demand for certification, its role differs fundamentally: sellers use it for signaling, buyers use it for inspection. Seller...
Persistent link: https://www.econbiz.de/10011592123
Our study analyzes the effect of the capital gains tax on the individual investment decisions of venture capitalists. By doing so, we are able to study the decisions for a sample of 76,852 funding rounds in 32 countries from 2000 to 2012. Our results support the predictions of the theoretical...
Persistent link: https://www.econbiz.de/10011932895
We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...
Persistent link: https://www.econbiz.de/10011932911