This article describes the benefits and pitfalls of starting a firm with an entrepreneurial team, drawing on a longitudinal empirical analysis of the life course of 90 team start-ups and 1196 solo start-ups in the Netherlands. In the first three years of their existence, team start-ups perform...

Angesichts der erheblichen Transformationsanstrengungen, die die BaltischenRepubliken in den letzten Jahren zu bewältigen hatten, haben sich erheblicheVeränderungen auch auf dem Gebiet des Genossenschaftswesens ergeben.Wie in kaum einer anderen Region in Europa ist die Entwicklung der...

Angesichts der erheblichen Transformationsanstrengungen, die die BaltischenRepubliken in den letzten Jahren zu bewältigen hatten, haben sich erheblicheVeränderungen auch auf dem Gebiet des Genossenschaftswesens ergeben.Wie in kaum einer anderen Region in Europa ist die Entwicklung der...

Because of a long time frame, irreversible and specific investments, incomplete contracts andpolitical constraints, it is generally difficult for governments to commit themselves in a credibleway to a fixed petroleum tax regime. Many controversial renegotiations and tightenings of suchsystems...

Theories of irreversible investment suggest a negative relation between investment and uncertainty,and non-linear adjustment costs open for asymmetries in the adjustment of fixed capital. We proposean econometric modelling approach to estimate and test the key predictions of modern...

Topical issues in petroleum tax design are in this chapter discussed by means of a tax model for anet income tax system (Norway) and a representative PSA regime. We analyse the entire lifecycle of a typical petroleum project, i.e., the exploration decision is included. Many petroleumtax systems...

Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in thedrilling sector. In particular for oil service contracts, since those companies have the most directcontrol of drilling efficiency. A large variety of contract types are in use, including within...

The oil companies are concerned to replace the petroleum reserves they producein order to maintain their future level of activity. Booked reserves alsorepresent an important input when analysts value these companies. Many producercountries want to control their own resources, a goal which can...

Are firms born Global? Because knowledge spillovers that lead to new venture creation are geographically constrained we believe that firms are born local. It follows that the decision to create sustainable new ventures is independent from the decision to interna-tionalize, even if that is the...

It is widely recognized that foreign direct investment (FDI) plays an important role ineconomic development. Internationalization theory is used to explore how inward FDIimpacts entrepreneurial activity. Using data from the Global EntrepreneurshipMonitor we find significant differences in...