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One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...
Persistent link: https://www.econbiz.de/10011420651
incorporates greater complexity in studying the link between taxes and business activity - particularly entrepreneurship. Dividend …
Persistent link: https://www.econbiz.de/10011343003
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/10010392550
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/10012660133
contributions in entrepreneurship economics and point to areas for future research. Baumol contributed an impressive number of … important insights, increasing our understanding of entrepreneurship from both a macro and a micro perspective. He also devoted …, unproductive, and destructive entrepreneurship and his associated idea that the institutional framework, "the rules of the game …
Persistent link: https://www.econbiz.de/10012625812
demonstrate that innovative entrepreneurship takes place in a collaborative innovation bloc consisting of a myriad of nodes …
Persistent link: https://www.econbiz.de/10012625817
effort requires extensive and broad-based institutional reforms aimed at strengthening the incentives for entrepreneurship …. Innovative entrepreneurship requires collaborations with numerous agents that provide those skills and resources that the … markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe's innovation capacity at a …
Persistent link: https://www.econbiz.de/10012498102
By the late 1960s, real effective taxation of income from individual firm owner-ship in Sweden approached 100 percent. A series of tax reforms initiated in the late 1970s reversed this situation. This paper has a threefold purpose: (1) to elucidate the thinking behind the vision of creating a...
Persistent link: https://www.econbiz.de/10011633604
persuasive, especially regarding policy prescriptions. At the heart of this perspective is the idea that entrepreneurship, when …
Persistent link: https://www.econbiz.de/10012021764
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/10011806230