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Dinner Table Human Capital and Entrepreneurship
Hvide, Hans K. - 2018
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012453515
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The Productivity J-Curve : How Intangibles Complement General Purpose Technologies
Brynjolfsson, Erik - 2018
General purpose technologies (GPTs) such as AI enable and require significant complementary investments, including co-invention of new processes, products, business models and human capital. These complementary investments are often intangible and poorly measured in the national accounts, even...
Persistent link: https://www.econbiz.de/10012480800
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Intellectual Capital and the Firm : The Technology of Geographically Localized Knowledge Spillovers
Zucker, Lynne G. - 1994
We examine the effects of university-based star scientists on three measures of performance for California biotechnology enterprises: the number of products in development, the number of products on the market, and changes in employment. The `star' concept which Zucker, Darby, and Brewer (1994)...
Persistent link: https://www.econbiz.de/10012473953
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Intellectual Capital and the Birth of U.S. Biotechnology Enterprises
Zucker, Lynne G. - 1994
We examine the relationship between the intellectual capital of scientists making frontier discoveries, the presence of great university bioscience programs, the presence of venture capital firms, other economic variables, and the founding of U.S. biotechnology enterprises during 1976-1989....
Persistent link: https://www.econbiz.de/10012474283
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Capital Structure and a Firm’s Workforce
Matsa, David A. - 2018
While businesses require funding to start and grow, they also rely on human capital, which affects how they raise funds. Labor market frictions make financing labor different than financing capital. Unlike capital, labor cannot be owned and can act strategically. Workers face unemployment costs,...
Persistent link: https://www.econbiz.de/10012480777
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Human Capital, Bankruptcy and Capital Structure
Berk, Jonathan B. - 2007
We derive a firm's optimal capital structure and managerial compensation contract when employees are averse to bearing their own human capital risk, while equity holders can diversify this risk away. In the presence of corporate taxes, our model delivers optimal debt levels consistent with those...
Persistent link: https://www.econbiz.de/10012465641
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Outside Purchase Contracts, Human Capital and Firm Capital Structure
Moon, S. Katie - 2014
We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...
Persistent link: https://www.econbiz.de/10012458086
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Heterogeneity in the effect of regulation on entrepreneurship and entry size
Ardagna, Silvia - 2009
entrepreneurship, such as gender, business skills, and social networks. We find that entry regulation moderates the effect of business …, women are more likely to enter into entrepreneurship in countries with higher levels of entry regulation, but mainly because …. Furthermore, individuals who report having business skills are less likely to enter entrepreneurship in countries with higher …
Persistent link: https://www.econbiz.de/10012463139
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Selection into Entrepreneurship and Self-Employment
Levine, Ross - 2018
We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …
Persistent link: https://www.econbiz.de/10012481000
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Public Knowledge, Private Knowledge : The Intellectual Capital of Entrepreneurs
Link, Albert - 2009
This paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research...
Persistent link: https://www.econbiz.de/10012463850