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Constrained firms, not subsistence activities: Evidence on capital returns and accumulation in Peruvian microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - 2012
We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...
Persistent link: https://www.econbiz.de/10010289847
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Better means more: property rights and high-growth aspiration entrepreneurship
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - 2009
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10010271286
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The Influence of Start-up Motivation on Entrepreneurial Performance
Caliendo, Marco; Kritikos, Alexander S.; Stier, Claudia - 2022
job creation, expansion and innovation activities for up to 40 months after business formation. Using self … better, the higher they score on this index. Effects are particularly strong for growth oriented outcomes like innovation and … ambition, and necessity. We show that individuals driven by opportunity motives perform better in terms of innovation and …
Persistent link: https://www.econbiz.de/10014296537
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Employment policies, hiring practices and firm performance
Blasco, Sylvie; Pertold-Gebicka, Barbara - 2012
In this paper we investigate how active labour market policy programmes affect firms' hiring strategies and, eventually, firms' performance. We focus on counseling and monitoring which may reduce search costs for employers, but which may have ambiguous effect on the employer-employee matching...
Persistent link: https://www.econbiz.de/10010289914
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Employment Policies, Hiring Practices and Firm Performance
Blasco, Sylvie; Pertold-Gebicka, Barbara - Institute for the Study of Labor (IZA) - 2012
In this paper we investigate how active labour market policy programmes affect firms' hiring strategies and, eventually, firms' performance. We focus on counseling and monitoring which may reduce search costs for employers, but which may have ambiguous effect on the employer-employee matching...
Persistent link: https://www.econbiz.de/10010595574
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An innovation index based on knowledge capital investment: definition and results for the UK market sector
Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - 2009
We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …
Persistent link: https://www.econbiz.de/10010271890
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What Makes Small Firms Grow? : Finance, Human Capital, Technical Assistance, and the Business Environment in Romania
Brown, J. David; Earle, John S.; Lup, Dana - 2004
Although the development of a new private sector is generally considered crucial to economic transition, there has been rather little empirical research on the determinants of startup firm growth. This paper uses panel data techniques to analyze a survey of 297 new small enterprises in Romania...
Persistent link: https://www.econbiz.de/10010262083
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Employment Protection Legislation and the Size of Firms
Garibaldi, Pietro; Pacelli, Lia; Borgarello, Andrea - 2003
The existing literature ignores the fact that in most European countries the strictness of Employment Protection Legislation (EPL) varies across the firm size distribution. In Italy firms are obliged to rehire an unfairly dismissed worker only if they employ more than 15 employees....
Persistent link: https://www.econbiz.de/10010262751
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A Structural Empirical Model of Firm Growth, Learning, and Survival
Abbring, Jaap H.; Campbell, Jeffrey R. - 2003
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In the model, entrepreneurs have private and possibly errorridden observations of persistent and transitory shocks to profit. We demonstrate that the model's parameters can be...
Persistent link: https://www.econbiz.de/10010262756
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Entrepreneurship and the process of firms' entry, survival and growth
Santarelli, Enrico; Vivarelli, Marco - 2006
This survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder's...
Persistent link: https://www.econbiz.de/10010267877