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We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations,...
Persistent link: https://www.econbiz.de/10010320253
We review and assess the role local institutional framework conditions play in fostering local entrepreneurship. The … basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both … the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of …
Persistent link: https://www.econbiz.de/10013033688
Amidst considerable debate on the relationship between entrepreneurship and economic inequality, scholarship only … indirectly addresses how entrepreneurship informs individuals’ relative well-being. We theorize on the nuanced relationship … between entrepreneurship and equality of eudaimonic well-being through the lens of New Institutional Economics. Drawing on …
Persistent link: https://www.econbiz.de/10013324194
The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these risks differently. This paper investigates the influence of an active venture capital (VC) market on startups' decisions regarding research and scaling. It outlines conditions...
Persistent link: https://www.econbiz.de/10014542238
Despite the central role played by human capital in entrepreneurship, little is known about how employees in …
Persistent link: https://www.econbiz.de/10010320227
Startups face a trade-off between short-term profitability versus long-term growth where investors tolerate prolonged financial losses. We present a new theory and empirical evidence about the existence and shape of so-called J-curves. The theory predicts that investors facing better exit...
Persistent link: https://www.econbiz.de/10015054178
and finance"- approach to entrepreneurship. We argue that more fundamental reforms are required to improve the … investigating how the interplay of institutions and productive entrepreneurship results in economic growth. …
Persistent link: https://www.econbiz.de/10011917079
Amidst considerable debate on the relationship between entrepreneurship and economic inequality, scholarship only … indirectly addresses how entrepreneurship informs individuals' relative well-being. We theorize on the nuanced relationship … between entrepreneurship and equality of eudaimonic well-being through the lens of New Institutional Economics. Drawing on …
Persistent link: https://www.econbiz.de/10012703462
We review and assess the role local institutional framework conditions play in fostering local entrepreneurship. The … basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both … the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of …
Persistent link: https://www.econbiz.de/10010504516
deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the … economy. Particular aspects of entrepreneurship and economic dynamism are covered by pairs (or in one case three) coauthors …
Persistent link: https://www.econbiz.de/10010320258