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Stock option taxation: A missing piece in European innovation policy?

Henrekson, Magnus; Sanandaji, Tino - 2017

countries have rates of VC activity commensurable to their deep finan-cial markets, strong legal institutions and high R …

Persistent link: https://www.econbiz.de/10011917044

Schumpeterian entrepreneurship in Europe compared to other industrialized regions

Henrekson, Magnus; Sanandaji, Tino - 2017

We examine whether Europe has an "entrepreneurship deficit" compared to other industrialized regions. Cross-country comparisons are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small business activity and startup rates suggest that Europe...

Persistent link: https://www.econbiz.de/10011917046

Owner-level taxes and business activity

Henrekson, Magnus; Sanandaji, Tino - 2015

In some classes of models, taxes at the owner level are "neutral" and have no effect on firm activity. However, this tax neutrality is sensitive to assumptions and no longer holds in more complex models. We review recent research that incorporates greater complexity in studying the link between...

Persistent link: https://www.econbiz.de/10011442485

Stock option taxation and venture capital activity: A cross-country comparison

Henrekson, Magnus; Sanandaji, Tino - 2016

One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...

Persistent link: https://www.econbiz.de/10011442493

Schumpeterian Entrepreneurship: Coveted by Policymakers but Impervious to Top-Down Policymaking

Henrekson, Magnus; Kärnä, Anders; Sanandaji, Tino - 2021

entrepreneurs create not only companies but also institutions in the entrepreneurial support system. These ever-evolving structures …

Persistent link: https://www.econbiz.de/10012615463

Superentrepreneurship in Europe Compared to Other Industrialised Regions

Henrekson, Magnus; Sanandaji, Tino - 2014

The overwhelming majority of self-employed individuals are not entrepreneurial in the Schumpeterian sense. To unmistakably identify Schumpeterian entrepreneurs, we focus on self-made billionaires (in USD) from the Forbes Magazine list who became wealthy by founding new firms. In this way, we...

Persistent link: https://www.econbiz.de/10010504474

Entrepreneurship and the Theory of Taxation

Henrekson, Magnus; Sanandaji, Tino - 2008

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...

Persistent link: https://www.econbiz.de/10010320176

Billionaires

Leeson, Peter; Sanandaji, Tino - 2012

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

Persistent link: https://www.econbiz.de/10010320224

The Interaction of Entrepreneurship and Institutions

Henrekson, Magnus; Sanandaji, Tino - 2010

Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … institutions - entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …

Persistent link: https://www.econbiz.de/10010320255

Billionaire Entrepreneurs: A Systematic Analysis

Henrekson, Magnus; Sanandaji, Tino - 2013

The overwhelming majority of self-employed individuals are not entrepreneurial in the Schumpeterian sense. In order to unmistakably identify Schumpeterian entrepreneurs we focus on self-made billionaires (in USD) on Forbes Magazine's list who became wealthy by founding new firms. In this way we...

Persistent link: https://www.econbiz.de/10010320283