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We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10010324773
This paper investigates the variation in entrepreneurship across cities of the Commonwealth of Independent States … suggest that banking reform facilitates entrepreneurship, whereas the size of the state discourages it. Our results confirm a … U-shaped relationship between per-capita income and entrepreneurship. We also find that cities with higher concentration …
Persistent link: https://www.econbiz.de/10011435311
In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to education. As a theoretical basis, I apply the O-ring theory...
Persistent link: https://www.econbiz.de/10010298851
on business-to-business markets. On the other hand, maybe due to prolonged recession in the Finnish economy, the higher …
Persistent link: https://www.econbiz.de/10012037687
start-ups. Knowledge-intensive start-ups seem to have larger effects on the regional economy. In particular, start-ups in …
Persistent link: https://www.econbiz.de/10010266654
This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …
Persistent link: https://www.econbiz.de/10010271286
the empirical literature: (i) growth in the regional economy is driven by an expansion in the number of start-up firms …
Persistent link: https://www.econbiz.de/10010273487
The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the...
Persistent link: https://www.econbiz.de/10010273504
The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …
Persistent link: https://www.econbiz.de/10010277758
Innovative firms with good ideas may still struggle to fine-tune them to the stage where they can attract outside funding. We conduct a five-country randomized experiment that tests the impact of an investment readiness program. Firms then pitched their ideas to independent judges. The program...
Persistent link: https://www.econbiz.de/10012422053