The purpose of this study is to better understand whether emotional aspects affect entrepreneurs’ and owner-managers’ decisions in investment situations when escalation of commitment can be observed and where the level of uncertainty was also added to the emotional aspect. The study was...

This paper investigates the impact human capital has on new firm formation, traditionally expected to have a positive influence. Individuals are attracted to regions with a stimulating atmosphere and tend to stay within the same region. Since human capital is partly spatially bounded, the size...

This paper uses the hedonic housing model to assess economic values to high value meadows and grazings located in rural settings. The hypothesis is that residential purchase prices include premiums for properties located in the surrounding areas of such environments. The dataset consist of 7565...

In this paper, we discuss the current status of the literature on entrepreneurship policy. The purpose is to discuss and assess several fundamental questions pertaining to entrepreneurship policies, such as “What is the optimal rate of entrepreneurship?” and “What entrepreneurship policies...

This paper investigates the factors that explain the level and dynamics of productive efficiency of a manufacturing firm. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992–2005. We estimate the...

How does the process of inter-organizational commitment develop between tourism firms? This paper proposes and tests a theoretical model of inter-organizational commitment. The model is based on six constructs and was tested on 99 small and medium sized firms. The model exhibits nomological,...

Small firms in general have limited access to funding, which is a major problem for entrepreneurs. In particular, this problem is evident for women and ethnic minority groups. The purpose of the study is to examine empirically the impact of gender, ethnicity and other relevant variables on the...

This paper provides evidence on ethnic differences in bank debt financing among small Swedish firms at the start-up stage. The empirical analysis is carried out on a sample of small firms consisting of 2,814 native- and immigrant-owned firms for year 2008. The method of binary logistic...