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Monitoring costs, credit constraints and entrepreneurship
Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010283965
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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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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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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 … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10010271286
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High-Growth Entrepreneurship
Brown, J. David; Earle, John S.; Kim, Mee Jung; Lee, … - 2018
Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...
Persistent link: https://www.econbiz.de/10011931627
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What Makes an Employer?
Caliendo, Marco; Fossen, Frank M.; Kritikos, Alexander S. - 2019
As the policy debate on entrepreneurship increasingly centers on firm growth in terms of job creation, it is important …
Persistent link: https://www.econbiz.de/10012179935
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The Influence of Start-up Motivation on Entrepreneurial Performance
Caliendo, Marco; Kritikos, Alexander S.; Stier, Claudia - 2022
entrepreneurship research. In this context, we investigate whether the motives of becoming an entrepreneur influence the subsequent …
Persistent link: https://www.econbiz.de/10014296537
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The demand for, and consequences of, formalization among informal firms in Sri Lanka
De Mel, Suresh; McKenzie, David; Woodruff, Christopher - 2012
The majority of firms in most developing countries are informal. We conducted a field experiment in Sri Lanka which provided incentives for informal firms to formalize. Offering only information about the registration process and reimbursement for direct registration costs had no impact on...
Persistent link: https://www.econbiz.de/10010282470
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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