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Should Continued Family FirmsFace Lower Taxes Than Other Estates?

Grossmann, Volker; Strulik, Holger - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2008

entrepreneurship. Here, weinvestigate analytically and quantitatively the trade-off between transaction costssaved and creative …

Persistent link: https://www.econbiz.de/10005867429

Entrepreneurship in Emerging Markets:Which Institutions Matter?

Aidis, Ruta; Estrin, Saul - Centre for Comparative Economics <London> - 2010

In this paper we combine a wide range of country-level institutional indicators with surveydata taken from the Global Enterprise Monitor on potential and actual entrepreneurial entry,to investigate the role of the institutions as determinants of the entrepreneurial entry,controlling for...

Persistent link: https://www.econbiz.de/10005868084

To Be Financed or Not … -The Role of Patents for Venture Capital Financing

Häussler, Carolin; Harhoff, Dietmar; Müller, Elisabeth - Universität <München> / Fakultät für Betriebswirtschaft - 2009

This paper investigates how patent applications and grants held by new ventures improve their abilityto attract venture capital (VC) financing. We argue that investors are faced with considerable uncertaintyand therefore rely on patents as signals when trying to assess the prospects of potential...

Persistent link: https://www.econbiz.de/10009418811

The Interdependence of R&D Activity andDebt Financing of Young Firms

Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

We investigate the interdependence of debt financing and R&D activities of young firms.Using micro-level data of the …

Persistent link: https://www.econbiz.de/10009486988

Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, Mirjam van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

the impacts both of risk aversionand balanced skills on the likelihood individuals choose entrepreneurship. Data on …-averse people might be suited to entrepreneurship; and it may alsohelp explain why prior research has generated mixed evidence about … the effects of riskaversion on selection into entrepreneurship.... …

Persistent link: https://www.econbiz.de/10009486995

FINANCIAL DEPENDENCE AND FIRM SURVIVAL IN INTERWARBRITAIN

Chambers, David - 2007

Was the London Stock Exchange (LSE) little more than a Dickensian den of speculation, or did itmake a contribution to industrial development in interwar Britain? The interwar stock marketlaboured under problems of weak disclosure, inadequate investor protection and ineffectiveunderwriting. New...

Persistent link: https://www.econbiz.de/10005870133

Goal Structures in Family Firms: Empirical Evidence on the Relationship between Firm and Family Goals

Achleitner, Ann-Kristin; Braun, Reiner; Schraml, … - Center for Entrepreneurial and Financial Studies <München>

Goal structures in family firms seems of particular interest to the field as the overall orientation and the objectives of family firms are determined in an area of potential conflict between the two subsystems of firm and family. We asked shareholders of German family firms to rate the...

Persistent link: https://www.econbiz.de/10005870232

Loss of Control vs. Risk Reduction – Decision Factors for Hiring Non-Family CFOs in Family Firms

Lutz, Eva; Schraml, Stephanie C. - Lehrstuhl für Finanzmanagement und Kapitalmärkte - 2010

Purpose: We examine motives for hiring a non-family Chief FinancialOfficer (CFO) in family firms. We explore the perceptions of family firm ownerstowards external managers by analyzing how their goals relate to the employmentof a non-family CFO.Design/methodology/approach: Our study is based on...

Persistent link: https://www.econbiz.de/10009302689

Working in Family Firms: Less Paid but More Secure?Evidence from French Matched Employer-EmployeeData

Bassanini, Andrea; Caroli, Eve; Rebérioux, Antoine; … - Institut zur Zukunft der Arbeit <Bonn> - 2011

We study compensation packages in family and non-family firms. Using matched employeremployeedata for a representative sample of French establishments, we first show thatfamily firms pay on average lower wages to their workers. We find that part of this wage gapis due to differences in...

Persistent link: https://www.econbiz.de/10009347593

Job Creation by Firms in Denmark

Ibsen, Rikke; Westergård-Nielsen, Niels C. - Institut zur Zukunft der Arbeit <Bonn> - 2011

howcould these jobs be recreated. Are these issues specific to industries or are they universal?The data used is register data … on workplaces and firms for the period 1980-2007. The baseunit of data is the workplace. The company (firm) is the legal …, mergersand divisions. Data must be corrected so that these administrative issues will not affect thesurvival of firms. The data …

Persistent link: https://www.econbiz.de/10009360550