This paper examines to what extent recent empirical evidence can collectively and systematically substantiate the claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy...

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship´s reward. As an example, a regression, based on the estimation of entrepreneurship´s reward, with baning panel data will yield the same main...

This paper presents a harmonized data set over the period 1972-2002, containing two-yearly data on the number of non-agricultural business owners and the size of the labour force for 23 OECD countries, as well as the quotient of these two variables which is called the business ownership rate of...

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

Based on new data, this paper studies invention disclosure, licensing, and firm formation activities of Max Planck Institute directors over the time period 1985-2004, and analyzes their effects on scientists' publication and citation records. The results are consistent with prior findings that...

The main goal of this paper is to present current research findings in three fields - business environment as a source of innovations, education needs and dynamics of SMEs units. The conclusion is made as some recommendations and useful strategies to support this very important part of national...

This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...

This paper aims to contribute to existing knowledge related to the worker cooperative (CTA) creation process by studying the factors that influence the process using an inductive-deductive method: the Grounded Theory. For this reason, a total of 37 in-depth interviews have been carried out with...

CRM has noted the dizzying career in last years, though it happens, that it is often connected only with the computer program. The management of customer relationship is the something more important in reality. It is the philosophy of new marketing conception. That is the reason too, why many...

Small and medium size enterprises in the Moravia-Silesian Region and issues associated with their development can be examined from various points of view. These aspects have to be synthetically linked, since we can state that individual factors are mutually interconnected. Development of small...