The ability of the self-employed to create additional job opportunities is a fundamental concern given the huge increases in public resources targeted at new venture creation in the U.K. and other countries since 1979. This study initially concentrates on identifying differences in the personal...

Job creation is perhaps the key political and economic issue of our time, yet this is one of only three papers to date to consider the nature of job creation amongst the self-employed. We develop a utility based model of self-employment which allows for the self-employed with employees. The...

<title/> This study revealed that the level of venture capitalist involvement in the pre-flotation as well as the post-flotation period influenced the short-run performance of JASDAQ companies in Japan. We detected that JASDAQ companies differed in several ways from NASDAQ and EASDAQ companies. JASDAQ...

This paper reports the findings of a time-series analysis exploring the fundamental determinants of the substantial rise in UK self-employment over the period 1972-92. The key findings are that the self-employed/wage employed income differential has a high and positive effect upon the proportion...

The incidence of performance related pay (PRP) varies substantially across countries. Using individual worker level data, it is the intention of this paper to examine initially the extent to which institutional factors across Denmark, Sweden and Finland affect the coverage of Performance Related...

The results indicate that the closeness of the small firm-bank relationship tends to result in lower bank premia, notwithstanding the predicted firm-size effect.

Individual worker data is used to identify which types of workers and firms choose PRP in Belgium and The Netherlands. The results show that there are significant differences across these neighbouring countries in terms of the workers who choose PRP systems and the firms who adopt them. Results...

The results indicate that age of firm and closeness of the small firm-bank relationship tend to reduce the incidence of loan collateralization, which implies that relationship banking can yield tangible benefits to small businesses.