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Creating strategic advantage through entrepreneurial governance in new ventures
Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - 2007
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10010263845
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Creating Strategic Advantage through Entrepreneurial Governance in New Ventures
Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - Wirtschaftswissenschaftliche Fakultät, … - 2007
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005090583
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Cross-faculty proximity and academic entrepreneurship: The role of business schools
Goethner, Maximilian; Wyrwich, Michael - 2017
institutions. Our study examines the extent to which entrepreneurship at universities is driven by spatial proximity between …
Persistent link: https://www.econbiz.de/10011788775
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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 … World War II, the relationship between historical and current levels of entrepreneurship is not significant. Persistence of … entrepreneurship is related to the historical success of regions, which we capture by the pre-war level of and self-employment in …
Persistent link: https://www.econbiz.de/10012109748
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The entrepreneurial culture: guiding principles of the self-employed
Noseleit, Florian - 2008
What makes entrepreneurs different? Using a cross-country dataset, this paper explores essential parts of the value system of entrepreneurs in Western European countries by comparing value items of the self-employed to that of the non-self-employed. The self-employed rate values higher that aim...
Persistent link: https://www.econbiz.de/10010263877
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The contribution of new businesses to regional employment: an empirical analysis of the direct employment effect
Fritsch, Michael; Schindele, Yvonne - 2008
We investigate regional differences in the contribution of newly founded businesses to regional employment. This is labeled the direct employment effect of new businesses. The analysis is at the spatial level of West German planning regions for the period 1984-2002. We find rather pronounced...
Persistent link: https://www.econbiz.de/10010266641
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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...
Persistent link: https://www.econbiz.de/10010266651
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Start-ups and employment growth: evidence from Sweden
Andersson, Martin; Noseleit, Florian - 2008
We use longitudinal data over a decade on start-ups and employment in Swedish regions and analyze the effect of start-ups on subsequent employment growth. We extend previous analyses by examining the influence of regional start-ups in a sector on regional employment growth in the same sector and...
Persistent link: https://www.econbiz.de/10010266654
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Investigating the anatomy of the employment effects of new business formation
Fritsch, Michael; Noseleit, Florian - 2009
Recent empirical research has found that the effect of new business formation on employment emerges over a period of about ten years and has identified a 'wave' pattern of these effects. In this study, we decompose the overall contribution of new business formation on employment change into...
Persistent link: https://www.econbiz.de/10010266661
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Start-ups, new business employment, and the effects on incumbents: who contributes the larger share?
Fritsch, Michael; Noseleit, Florian - 2008
We investigate the effects that new business formation has on employment in incumbent firms and compare it to the development in the start-ups. The analysis is performed for West German regions over the 1984-2002 period. It shows that the employment effects of new businesses on the incumbents...
Persistent link: https://www.econbiz.de/10010266670