Showing 1 - 10 of 1,545
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics and innovation activities. We find uniformly...
Persistent link: https://www.econbiz.de/10012892563
We use Census micro data to shed new light on how growth in house prices boosts US entrepreneurship. At the height of …-level relationship between house price increases and entrepreneurship operates through expansion of the home equity collateral channel … entrepreneurship observed in city-level analyses comes from higher local demand that boosts entry. Our results provide a nuanced …
Persistent link: https://www.econbiz.de/10013017499
of immigrants in entrepreneurship. We ask how often immigrants start companies, how many jobs these firms create, and how …" than "job takers" and that non-U.S. born founders play outsized roles in U.S. high-growth entrepreneurship …
Persistent link: https://www.econbiz.de/10013298486
Recently, a large number of countries have undertaken major reforms that have led to a large increase in the number of new enterprises. After these reforms, however, it has taken a number of years before output and productivity have begun to grow. The thesis of this paper is that the process of...
Persistent link: https://www.econbiz.de/10013313235
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of costly bargaining, where founders trade off the simplicity...
Persistent link: https://www.econbiz.de/10013068298
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk-- a risk that...
Persistent link: https://www.econbiz.de/10013068649
soliciting the current client in the event of termination of employment. The socially optimal level of entrepreneurship will … are too restrictive and produce too little entrepreneurship, and governments can increase welfare by limiting enforcement …
Persistent link: https://www.econbiz.de/10013069964
important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …
Persistent link: https://www.econbiz.de/10013070601
with experimentation to learn about earnings. This pattern motivates estimating the expected returns to entrepreneurship … found to constitute a substantial portion of the monetary value of entrepreneurship. The model is then used to evaluate …
Persistent link: https://www.econbiz.de/10012963153
an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …
Persistent link: https://www.econbiz.de/10012783952