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entrepreneurship. We distinguish between two distinct entrepreneurship entry modes: business takeover and new venture start-up. Using a … large and rich French data set, we find that small firm experience increases the likelihood for business takeover, whereas … management and same sector experience both increase the likelihood for new ventures. Our findings are relevant for policymakers …
Persistent link: https://www.econbiz.de/10011476546
Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the … survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival … chance than new venture start-ups. Yet, the differences between two entry modes partially disappear when controlling for …
Persistent link: https://www.econbiz.de/10011763818
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
This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy's income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...
Persistent link: https://www.econbiz.de/10003656920
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10009524993
Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter...
Persistent link: https://www.econbiz.de/10013412825
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
academy membership and number of faculty awards, measures of a university's research quality, are the most significant …
Persistent link: https://www.econbiz.de/10003539354
structure ; business start-ups ; KfW/ZEW Start-up Panel ; Germany …
Persistent link: https://www.econbiz.de/10009523478