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Does easy start-up formation hamper incumbents' R&D investment? A theoretical and empirical analysis
Colombo, Luca; Dawid, Herbert; Piva, Mariacristina; … - 2013
This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups - proxied by the ease of access to financial resources - have on the innovative efforts of incumbent firms. In particular, we develop a theoretical model,...
Persistent link: https://www.econbiz.de/10010293234
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Business Cycles, Unemployment and Entrepreneurial Entry: Evidence from Germany
Fritsch, Michael; Kritikos, Alexander S.; Pijnenburg, … - 2013
We investigate whether people are more willing to become self-employed during boom periods or during recessions and to what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany reveals that there is a positive relationship between...
Persistent link: https://www.econbiz.de/10010329215
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Business Cycles, Unemployment and Entrepreneurial Entry: Evidence from Germany
Fritsch, Michael; Kritikos, Alexander S.; Pijnenburg, … - Institute for the Study of Labor (IZA) - 2013
We investigate whether people are more willing to become self-employed during boom periods or during recessions and to what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany reveals that there is a positive relationship between...
Persistent link: https://www.econbiz.de/10011271986
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Does Easy Start-Up Formation Hamper Incumbents' R&D Investment? A Theoretical and Empirical Analysis
Colombo, Luca; Dawid, Herbert; Piva, Mariacristina; … - Institute for the Study of Labor (IZA) - 2013
This paper investigates, both theoretically and empirically, the implications that complementary assets needed for the formation of start-ups – proxied by the ease of access to financial resources – have on the innovative efforts of incumbent firms. In particular, we develop a theoretical...
Persistent link: https://www.econbiz.de/10010634114
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Badge of Honor or Scarlet Letter? Unpacking Investors' Judgment of Entrepreneurs' Past Failure
Zunino, Diego; van Praag, Mirjam C.; Dushnitsky, Gary - 2017
Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...
Persistent link: https://www.econbiz.de/10011744729
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The Returns to Entrepreneurship: Evidence from Matched Person-Firm Data
van Praag, Mirjam C.; Raknerud, Arvid - 2017
Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the pecuniary gains of this switching by employing a two-stage procedure, where the randomness in the timing of inheritance transfers is used as an exclusion restriction to identify...
Persistent link: https://www.econbiz.de/10011744730
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The interdependence of R&D activity and debt financing of young firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010286852
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The Interdependence of R&D Activity and Debt Financing of Young Firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - Institute for the Study of Labor (IZA) - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10009403382
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Transitioning from Solo Self-Employed to Microbusiness Employer: Local Economic Environment or Owner Characteristics?
Henley, Andrew - 2019
Only a minority of micro-businesses create jobs for others. This paper addresses whether personal characteristics and … of significant growth in self-employment but a declining proportion who create jobs, an investigation using longitudinal …
Persistent link: https://www.econbiz.de/10012005890
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Job creation by firms in Denmark
Ibsen, Rikke; Westergård-Nielsen, Niels Christian - 2011
companies that create jobs, while the smaller companies are contributing much less. Or is it the young companies that create … jobs? And who destroys the most jobs? In the crisis Denmark lost 186,000 jobs in the private sector. The question is where … and how could these jobs be recreated. Are these issues specific to industries or are they universal? The data used is …
Persistent link: https://www.econbiz.de/10010277271