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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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Smart capital in German start-ups: an empirical analysis
Schäfer, Dorothea; Schilder, Dirk - 2007
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
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The Regional Supply of Venture Capital - Can Syndication overcome Bottlenecks?
Fritsch, Michael; Schilder, Dirk - 2010
We investigate whether the supply of venture capital (VC) is driven by spatial proximity between a VC company and the portfolio firm. Our analysis is based on information about VC investments in Germany between 2004 and 2009. We find that possible problems caused by the geographic distance to a...
Persistent link: https://www.econbiz.de/10010286469
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Intellectual property rights and the knowledge spillover theory of entrepreneurship
Ács, Zoltán J.; Sanders, Mark - 2008
strengthening patent protection will reduce the returns to entrepreneurship sufficiently to reduce overall economic growth. … exploration that would otherwise accrue to the entrepreneurs. Stronger patent protection will increase the incentive to do R&D and … generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further …
Persistent link: https://www.econbiz.de/10010271789
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The long persistence of regional entrepreneurship culture: Germany 1925 - 2005
Fritsch, Michael; Wyrwich, Michael - 2012
and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …
Persistent link: https://www.econbiz.de/10010291827
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How much of a socialist legacy? The reemergence of entrepreneurship in the East German transformation to a market economy
Fritsch, Michael; Bublitz, Elisabeth; Rusakova, Alina; … - 2012
The 40 years of socialist regime in East Germany were characterized by a massive anti-entrepreneurship policy. We … investigate the reemergence of entrepreneurship in East Germany during its transformation to a market economy following the … market economy, suggesting the existence of a long-lasting regional entrepreneurship culture. …
Persistent link: https://www.econbiz.de/10010291841
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Prior knowledge and entrepreneurial innovative success
Cantner, Uwe; Goethner, Maximilian; Meder, Andreas - 2007
This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at the stage of firm formation. We distinguish between different kinds of experience an entrepreneur can possess and find evidence that the innovative success subsequent to firm...
Persistent link: https://www.econbiz.de/10010263810
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Demography and innovative entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010263837
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Entrepreneurship and innovation policy
Stam, Erik - 2008
What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …
Persistent link: https://www.econbiz.de/10010263861
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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