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Financial signalling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their … innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes …

Persistent link: https://www.econbiz.de/10010266651

Creativity and industrial cities: a case study of Baltimore

Ács, Zoltán J.; Megyesi, Monika I. - 2007

Creativity is changing the way cities approach economic development and formulate po-licy. Creative metropolises base their economic development strategies, at least partly, on building communities attractive to the creative class worker. While there are count-less examples of high-tech regions...

Persistent link: https://www.econbiz.de/10010271767

Persistence of entrepreneurship in different historical contexts

Fritsch, Michael; Pylak, Korneliusz; Wyrwich, Michael - 2019

Persistence of entrepreneurship over longer periods of time could indicate a culture of entrepreneurship among the local population that may be an important factor for regional development, but does persistence of economic activity require cultural transmission? We exploit the diverse historical...

Persistent link: https://www.econbiz.de/10012109748

The process of creative construction: knowledge spillovers, entrepreneurship and economic growth

Agarwal, Rajshree; Audretsch, David B.; Sarkar, MB - 2008

Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic...

Persistent link: https://www.econbiz.de/10010270589

The entrepreneurship-philanthropy nexus: nonmarket source of American entrepreneurial capitalism

Ács, Zoltán J.; Audretsch, David B.; Phillips, Ronnie J. - 2007

What differentiates American capitalism from all other forms of industrial capita-lism is a historical focus on both the creation of wealth (entrepreneurship) and the reconstitution of wealth (philanthropy). Philanthropy has been part of the implicit American social contract that continuously...

Persistent link: https://www.econbiz.de/10010271768

Intellectual property rights and the knowledge spillover theory of entrepreneurship

Ács, Zoltán J.; Sanders, Mark - 2008

exploration that would otherwise accrue to the entrepreneurs. Stronger patent protection will increase the incentive to do R&D and …

Persistent link: https://www.econbiz.de/10010271789

What is the value of entrepreneurship?: a review of recent research

van Praag, C. Mirjam; Versloot, Peter H. - 2007

is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative … contribution of entrepreneurs to the economy based on four measures that have most widely been studied empirically. Hence, we … answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …

Persistent link: https://www.econbiz.de/10010276297

Total factor productivity and the role of entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, A. Roy - 2008

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added -...

Persistent link: https://www.econbiz.de/10010276826

Self-employment and unemployment in Spanish regions in the period 1979-2001

Golpe, Antonio A.; van Stel, André J. - 2007

This paper investigates the relation between changes in self-employment and changes in unemployment at the regional level in Spain in the period 1979-2001. We estimate a vec-tor autoregression model as proposed by Audretsch, Carree, van Stel and Thurik (2005) using a data base for Spanish...

Persistent link: https://www.econbiz.de/10010276972

Does self-employment reduce unemployment?

Thurik, A. Roy; Carree, Martin A.; van Stel, André J.; … - 2007

This paper investigates the dynamic relationship between self-employment and unem-ployment rates. On the one hand, high unemployment rates may lead to start-up activity of self-employed individuals (the "refugee" effect). On the other hand, higher rates of self-employment may indicate increased...

Persistent link: https://www.econbiz.de/10010276973