Showing 1 - 10 of 6,100
entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature …
Persistent link: https://www.econbiz.de/10010892212
This paper uses the 2004 amendment to the German Trade and Crafts Code as a natural experiment for assessing the causal effects of this reform on the probabilities of being self-employed and of transition into and out of self-employment. This is achieved by using repeated cross-sections...
Persistent link: https://www.econbiz.de/10010949533
Emphasizing the dynamics in economies and industries, Schumpeter points to entrepreneurs carrying out ‘new combinations’. His work, and in particular the Theory of Economic Development, is often interpreted as praising individual entrepreneurs setting up new firms to contribute to an...
Persistent link: https://www.econbiz.de/10010950514
This paper provides new theory and evidence on the relationship between ability and entrepreneurship. I show that there … is a U-shaped relationship between the probability of entrepreneurship and both a person's schooling and wage when … employed. This pattern can be explained in a model of occupational choice between wage work and entrepreneurship where a firm …
Persistent link: https://www.econbiz.de/10010871054
start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … persist in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …
Persistent link: https://www.econbiz.de/10005822184
which international financial integration can affect entrepreneurship (a foreign direct investment channel and a capital …
Persistent link: https://www.econbiz.de/10005796107
which international financial integration can affect entrepreneurship (a foreign direct investment channel and a capital …
Persistent link: https://www.econbiz.de/10010746519
Can tax policy foster the creation of new companies? To answer this question, we assemble a novel country-industry level panel database with data on entry (by incorporation) for 17 European countries between 1997 and 2004. Our analysis is based on recent models of how corporate taxation affects...
Persistent link: https://www.econbiz.de/10010574280
Entry of firms into local markets has often been studied using administrative areas such as municipalities as the assumed relevant markets to study. However, administrative areas and the actual relevant markets based on local demand for firms’ products often need not coincide, which could bias...
Persistent link: https://www.econbiz.de/10010818909
In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm entry. Nevertheless, when projects are heterogeneous, and good ideas are scarce, a mass-composition trade off is introduced into this link: larger cohorts are characterized by a...
Persistent link: https://www.econbiz.de/10010822888