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The Pre-Producers
Jovanovic, Boyan - 2014
Until its sales of a product materialize, a firm is a quot;pre-producerquot; in the market for that product. That firm may may be a new start-up, or it may already sell other products. Firms that do not succeed in generating sales eventually become discouraged and move on to other activities....
Persistent link: https://www.econbiz.de/10012752648
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Board Dynamics Over the Startup Life Cycle
Ewens, Michael; Malenko, Nadya - 2022
We explore the dynamics of venture capital (VC)-backed startup boards using novel data on director entry, exit, and characteristics. At formation, a typical board is entrepreneur-controlled. Independent directors join the median board after the second financing, when control becomes shared, and...
Persistent link: https://www.econbiz.de/10013406890
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The First Deal : The Division of Founder Equity in New Ventures
Hellmann, Thomas F. - 2014
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
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Financial Integration, Entrepreneurial Risk and Global Imbalances
Angeletos, George-Marios - 2014
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
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Client-Based Entrepreneurship
Rauch, James E. - 2014
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
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Financing Constraints and Entrepreneurship
Kerr, William - 2014
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
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Self-Employment Dynamics and the Returns to Entrepreneurship
Dillon, Eleanor Wiske - 2017
Small business owners and others in self-employment have the option to transition to paid work. If there is initial … 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
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Tax Policy, Venture Capital, and Entrepreneurship
Keuschnigg, Christian - 2006
an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …
Persistent link: https://www.econbiz.de/10012783952
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Homophily in Entrepreneurial Team Formation
Gompers, Paul A. - 2017
entrepreneurship and venture capital industry …
Persistent link: https://www.econbiz.de/10012955437
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The Productivity Advantage of Serial Entrepreneurs
Shaw, Kathryn L. - 2017
Serial entrepreneurs, who open more than one business, are found to have higher sales and higher productivity than novice entrepreneurs, who open one business. Using panel data on entrepreneurs and their firms from Denmark for 2001-2013, the serial entrepreneur has 67% higher sales than the...
Persistent link: https://www.econbiz.de/10012958982