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This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including...
Persistent link: https://www.econbiz.de/10012957509
We conceptualise social entrepreneurship as a source of social capital which, when present in the environment, enhances … commercial entrepreneurship. We also argue that social entrepreneurship should be recognised as a second form of Baumol's (1990 …) productive entrepreneurship and that it will therefore compete at the individual level for resources with commercial …
Persistent link: https://www.econbiz.de/10013123596
likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence …
Persistent link: https://www.econbiz.de/10013117187
-of-all-trades" view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self …
Persistent link: https://www.econbiz.de/10013117831
shaped by industry-specific constraints. The human- and financial-capital endowments of potential entrepreneurs entering … credentials of highly educated potential entrepreneurs, in particular, predict avoidance of small-firm ownership in some … enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses …
Persistent link: https://www.econbiz.de/10013118276
entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and … prefer to have a salaried job but cannot find one; and divide salaried workers into want-to-be entrepreneurs and happy …-to-be salaried workers. Over 40 percent of migrant workers are either currently or want-to-be entrepreneurs. Both groups are very …
Persistent link: https://www.econbiz.de/10013120403
psychological disposition and environmental factors, as theory requires if optimism is to be a causal influence on entrepreneurship …
Persistent link: https://www.econbiz.de/10013099728
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but …
Persistent link: https://www.econbiz.de/10013086658
between FDI and entrepreneurship; positive spillovers via dissemination of technology or negative because of crowding out. Our … entrepreneurship in aggregate and intra‐industry to be negative. Policies need to consider how to counteract this effect …
Persistent link: https://www.econbiz.de/10013071742
employment to entrepreneurship (self-employment and leadership of micro-enterprises). By means of a difference-in-differences non … employment to entrepreneurship are positive, statistically significant and financially substantial. Even more, the results are … salaried jobs to entrepreneurship and lower losses on the reverse switch …
Persistent link: https://www.econbiz.de/10012777087