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. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model …
Persistent link: https://www.econbiz.de/10009625140
A striking fact about entrepreneurship is that the number of male entrepreneurs greatly exceed the number of female … personality traits can explain a modest part of the gender gap in entrepreneurship: our estimates suggest 21%-32%. We also …-entrepreneurial self-employed. This finding highlights that entrepreneurship is distinct from other types of self …
Persistent link: https://www.econbiz.de/10009737923
The neo-Schumpeterian growth models, which appeared in the early 1990s, have ostensibly reintroduced the entrepreneur into mainstream growth theory. However, we show that by ignoring genuine uncertainty and by assuming that profits follow an objectively true and ex ante known probability...
Persistent link: https://www.econbiz.de/10015163698
Existing empirical evidence suggests that entrepreneurs are optimists, a finding researchers often interpret as evidence of a behavioral bias in entrepreneurial decision-making. We revisit this claim by analyzing an unusually large survey dataset (180,814 responses) that allows us to create a...
Persistent link: https://www.econbiz.de/10010247380
measures to proxy for entrepreneurship often gives rise to misleading inferences. Interestingly the rate of billionaire …, more venture capital investment and lower regulatory burdens have higher entrepreneurship rates but less self …-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …
Persistent link: https://www.econbiz.de/10009721267
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
entrepreneurship? We compile four hand-collected measures of high-impact Schumpeterian entrepreneurship (VC-funded IPOs, self … entrepreneurship and the other relating to small business activity. Except for the World Bank measure of firm registration of limited … liability companies quantity-based measures tend to be inappropriate proxies for high-impact Schumpeterian entrepreneurship. …
Persistent link: https://www.econbiz.de/10011994159
entrepreneurial experimentation comprises both "technical" and "market" experimentation, and that entrepreneurship must be …
Persistent link: https://www.econbiz.de/10011621226
While entrepreneurship researchers agree that institutions "matter" for entrepreneurship, they also have a rather … encompassing understanding of institutions as almost any external factor that influences entrepreneurship. Ultimately, this …. But which institutions are most influential? How do these institutions relate to different types of entrepreneurship? And …
Persistent link: https://www.econbiz.de/10011806225
We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high-impact entrepreneurial firms (recently listed firms) relative to old, incumbent firms. Based on this evidence, we construct an entrepreneurial entry predation model with...
Persistent link: https://www.econbiz.de/10011852629