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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 projectś feasibility. Our...
Persistent link: https://www.econbiz.de/10003809914
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Regional financial system and the financial structure of small firms
Mahagaonkar, Prashanth; Chaudhuri, Swayan - 2009
The capital structure of firms is known to be different not only due to firm characteristics but also to the sources of capital. Therefore, there is a need to understand the supply side effects on a firmś capital structure. A small firmś choice of financing sources may be limited by the...
Persistent link: https://www.econbiz.de/10003809916
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Protecting investors in equity crowdfunding : an empirical analysis of the small investor protection act
Göthner, Maximilian; Hornuf, Lars; Regner, Tobias - 2020 - This version: Mai 27, 2020
During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In … Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors … engaging in this new asset class. Since then, investors pledging more than 1,000 EUR now must self-report their income and …
Persistent link: https://www.econbiz.de/10012224817
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Crowdfunding a monthly income : an analysis of the membership platform Patreon
Regner, Tobias - 2019
Membership platforms allow creators to crowdfund a monthly income, while campaigns on conventional reward crowdfunding … biggest membership platform, to gain insights about behavioral patterns at this emerging type of crowdfunding. Our analysis … a creator at any time serves as a feedback mechanism. We conclude that crowdfunding a monthly income offers the creative …
Persistent link: https://www.econbiz.de/10012138571
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The effect of new business formation on regional development : empirical evidence, interpretation, and avenues for further research
Fritsch, Michael - 2011
This paper reviews the current state of knowledge about the effect of new business formation on regional development. After a brief sketch of the origins of research on this issue, the main results of different lines of inquiry are discussed. Main issues are the development of start-up cohorts,...
Persistent link: https://www.econbiz.de/10008824075
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The shadows of the past : how implicit institutions influence entrepreneurship
Bauernschuster, Stefan; Falck, Oliver; Gold, Robert; … - 2009
This paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit … influence on risk attitudes and opportunity recognition. We conduct a natural experiment based on Germany’s recent history and …
Persistent link: https://www.econbiz.de/10003857881
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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 collapse of the East German state in 1989. It took about...
Persistent link: https://www.econbiz.de/10009569639
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Who starts a business and who is self-employed in Germany
Fritsch, Michael; Kritikos, Alexander; Rusakova, Alina - 2012
Based on representative data, the German Micro-Census, we provide an overview of the development of self-employment and entrepreneurship in Germany between 1991 and 2011, the first two decades after reunification. We investigate the socio-economic background of these individuals, their...
Persistent link: https://www.econbiz.de/10009487807
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The persistence of regional entrepreneurship : are all types of self-employment equally important?
Fritsch, Michael; Wyrwich, Michael - 2015
We explore the role of different types of self-employment for a persistence of the regional level of entrepreneurship over time. Our analysis for West German regions shows relatively strong effects for the historical self- employment rate in the non-agricultural sector, particularly in...
Persistent link: https://www.econbiz.de/10011288768
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A physician with a soul of a cook? : entrepreneurial personality across occupations
Sorgner, Alina - 2012
There is a debate in the literature backed by ambiguous empirical evidence whether personality is useful at predicting entrepreneurship behavior. However, little is known about the role of the context in the relationship between personality and entrepreneurship. This paper draws on the...
Persistent link: https://www.econbiz.de/10009665506