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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

Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

Persistent link: https://www.econbiz.de/10005864516

Nascent Entrepreneurs, Innovation and Financing Constraints

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - DRUID, Copenhagen Business School, Department of … - 2007

Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new data on capital seeking start-ups allowing distinction between planning stage and early stage. Being innovative does not affect the probability of having external finance in the...

Persistent link: https://www.econbiz.de/10005839210

Financial signalling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10010266651

The Political Economy of Entrepreneurship

Douhan, Robin; Henrekson, Magnus - 2007

We outline a politico-economic growth system centered around the entrepreneur. By defining entrepreneurs in relation to economic rents we are able to develop a more general theory comprising central aspects of research within the fields of entrepreneurship/small business, public choice and new...

Persistent link: https://www.econbiz.de/10010320051

The Political Economy of Entrepreneurship: An Introduction

Douhan, Robin; Henrekson, Magnus - 2007

In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance of institutions in structuring such an analysis is...

Persistent link: https://www.econbiz.de/10010320110

Productive and Destructive Entrepreneurship in a Political Economy Framework

Douhan, Robin; Henrekson, Magnus - 2008

Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or negative effects on overall productivity. Embedding central elements from these theories into a political economy framework reveals the bilateral causal relation between...

Persistent link: https://www.econbiz.de/10010320193

Entrepreneurial Innovations, Entrepreneurship Policy and Globalization

Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - 2009

What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...

Persistent link: https://www.econbiz.de/10010320207

Entrepreneurship and Second-best Institutions: Going Beyond Baumols Typology

Douhan, Robin; Henrekson, Magnus - 2008

This paper reconsiders the predominant typology pioneered by Baumol (1990) between productive, unproductive and destructive entrepreneurship. Baumol's classificatory scheme is built around a limited concept of first-best outcomes and therefore easily fails to appreciate the true impact of...

Persistent link: https://www.econbiz.de/10010320273

Financial signaling by innovative nascent entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10010291111