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relevance of strategic hiring is shown using the same empirical strategy. At the same time, the test is shown to be invalid if …
Persistent link: https://www.econbiz.de/10011402624
This paper investigates empirically whether decision makers are forward looking in dynamic strategic interactions. In … particular, we test whether decision makers in multi-stage tournaments take heterogeneity induced changes of continuation values … interactions does affect behavior in earlier stages, which provides support for the 'standard' view that decision makers are …
Persistent link: https://www.econbiz.de/10011407819
guidance for decision-makers. The importance of evaluating existing and new strategies is also discussed. …
Persistent link: https://www.econbiz.de/10011880782
Using confidential microdata from the U.S. Census Bureau, we investigate the performance of female-owned businesses making comparisons to male-owned businesses. Using regression estimates and a decomposition technique, we explore the role that human capital, especially through prior work...
Persistent link: https://www.econbiz.de/10003759326
While many firms compete through the development of new technologies and products, it is well known that new-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies consistently find a negative association between...
Persistent link: https://www.econbiz.de/10003481918
Existing literature suggests that entrepreneurs with prior firm-founding experience have more skills and social connections than novice entrepreneurs. Such skills and social connections could give experienced founders some advantage in the process of raising venture capital. This paper uses a...
Persistent link: https://www.econbiz.de/10003632107
Academic entrepreneurship has become an increasingly important channel through which universities contribute to economic development. This paper studies academic entrepreneurs using a comprehensive venture capital database. I find that about two-thirds of the academic entrepreneurs locate their...
Persistent link: https://www.econbiz.de/10003539354
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009523478
We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...
Persistent link: https://www.econbiz.de/10009530313
Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not necessarily".
Persistent link: https://www.econbiz.de/10010252710