The paper provides an outline of the concept of regional growth regimes andempirically illustrates the relevance of the concept. The empirical examples areentrepreneurship, entry and the performance of new businesses in East andWest Germany. The differences of the factors determining the...

Storey (1994) reviews a number of socio-economic variables that have been widely hypothesised toimpact upon small business formation. These are:- population (change, density, age structure)unemployment, wealth, education, industrial structure, and public policy. These factors are consideredwith...

The world economy and the OECD countries in particular are currently undergoinga phase of rapid and fundamental economic changes. Countries that inthe post-war period have enjoyed strong comparative advantages (mainly) builton high quality production in the manufacturing sector, are now...

The aim of this paper is to provide an overview of the key issues surrounding entrepreneurshipdevelopment in transition countries focusing on six main themes. Though it can be argued that thetransition countries started from more or less the same point when they embarked on theirtransitional...

This paper shows the advantages of staged investments for venture capitalists.

Based on representative data, the German Micro-Census, we provide an overview of thedevelopment of self-employment and entrepreneurship in Germany between 1991 and 2010,the first two decades after reunification. We investigate the socioeconomic background ofthese individuals, their education,...

We investigate the interdependence of debt financing and R&D activities of young firms.Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firmcharacteristics are more important than personal characteristics of the founders for explainingyoung firms’...

Drivers of entrepreneurial entry are investigated in this study by examining how entry intosmall-business ownership is shaped by industry-specific constraints. The human- andfinancial-capital endowments of potential entrepreneurs entering firms in various industriesare shown to differ...

The start-up team plays a key role in venture capitalists’ evaluations of venture proposals. Ourfindings go beyond existing research, first by providing a detailed exploration of VCs’ team evaluationcriteria, and second by investigating the moderator variable of VC experience. Our results...

This paper extends recent research studying biases in venture capitalist’s decision-making. Wecontribute to this literature by analyzing biases arising from similarity between a venture capitalist andmembers of a venture team. We summarize the psychological foundations of such similarity...