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It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10010263790
It is still an open question what kind of smart capital relational investors actually supply. We divide smart capital into several components and conduct a survey among 85 German suppliers of start-up finance. The results show that the degree of "smartness" is determined by the financial product...
Persistent link: https://www.econbiz.de/10005051036
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
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
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
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
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
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
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
We investigate the effects that regional start-up activity has on employment in new and in incumbent businesses. The analysis is performed for West German regions over the 1987-2002 period. It shows that the effects of new businesses on employment in the incumbents are significantly positive and...
Persistent link: https://www.econbiz.de/10010267095