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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
This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …
Persistent link: https://www.econbiz.de/10003607769
We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10010230889
. Education and entrepreneurship are both influenced by other related factors. The current study estimates causal effects of … formal education on entrepreneurship outcomes by instrumenting for an individual's years of schooling using cohort mean years … education for men. The results suggest that formal education enhances entrepreneurship. …
Persistent link: https://www.econbiz.de/10012604374
We present a novel theory that immigrants facilitate innovation and entrepreneurship by being willing and able to … observationally equivalent natives. Areas with large numbers of immigrants may therefore lead to more entrepreneurship and innovation …
Persistent link: https://www.econbiz.de/10012486484
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10011796102
I investigate the mechanisms that drive sorting into entrepreneurship and entrepreneurial success among young …" entrepreneurs. I use the estimated model to evaluate policies designed to promote entrepreneurship. …
Persistent link: https://www.econbiz.de/10014279932
Firm ownership is a dening feature of immigrant adaptation: 41% of immigrants own a firm at some point in their first 10 years post-arrival. We use Canadian data linking immigrant arrival records with individual and firm tax data to examine the process of entering firm ownership for immigrants....
Persistent link: https://www.econbiz.de/10014388854
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