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In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the...
Persistent link: https://www.econbiz.de/10010488828
commitment to socialism reflects rent-seeking, a type of unproductive entrepreneurship. Once institutions change radically, their … entrepreneurial efforts are redirected towards productive entrepreneurship (start-up activity). Regime commitment is captured by … that this group of people were more likely to have an entrepreneurship- prone personality profile, had a higher propensity …
Persistent link: https://www.econbiz.de/10012550208
We introduce a novel approach to modeling the impact of institutional quality on firm performance. Our methodology enables us to estimate the marginal effect of institutional quality on TFP, factor inputs and output of each firm, which gives us within-country distributions of these effects and...
Persistent link: https://www.econbiz.de/10010230492
The founder (team)'s human capital is a vital determinant of future firm performance. This is a stylized fact. Less is known about the effect of the human capital of the initial workforce hired by the founder(s). We study the performance consequences of a founder's choice of the initial...
Persistent link: https://www.econbiz.de/10011458941
Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...
Persistent link: https://www.econbiz.de/10011881435
Self-efficacy reflects the self-belief that one can persistently perform difficult and novel tasks while coping with adversity. As such beliefs reflect how individuals behave, think, and act, they are key for successful entrepreneurial activities. While existing literature mainly analyzes the...
Persistent link: https://www.econbiz.de/10013498909
. By utilizing new Global Entrepreneurship Monitor (GEM) data collected in 2001, we investigate the effects of the weak … entrepreneurial activity in its weak institutional environment. -- entrepreneurship ; institutions ; networks ; Russia …
Persistent link: https://www.econbiz.de/10003333107
both high aspiration and low aspiration entrepreneurship. We also find that women benefit more from the larger informal … financial sector. -- Female entrepreneurship ; state sector ; informal finance …
Persistent link: https://www.econbiz.de/10003920042
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms. We look at three 'levels' of institutions and associated...
Persistent link: https://www.econbiz.de/10009153586
particular focus on developing countries (DCs). In particular, the same concept of "entrepreneurship" will be critically …
Persistent link: https://www.econbiz.de/10009754698