There already exists broad literature investigating small and innovative firms in many respects. However, there have been few attempts to assess this group of firms ́propensity to patent or its patenting activities. This paper intends to fill that gap. By applying a new approach to account for...

Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...

Human capital is known to be one of the most important predictors of a person's earnings. With regard to entrepreneurial success, founders' human capital is an important determinant of firm's employment growth as well. This paper investigates if the depreciation of a founder's academic knowledge...

Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance...

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity has a negative or no effect. Education, age, being...

We investigate the role of industry and region-specific conditions for the survival of new businesses in innovative and in other manufacturing industries. The data comprises all German manufacturing start-ups of the 1992 to 2005 period. In contrast to studies for some other countries, we find...

There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial...

Objective – This article aims to analyze the influence of moderating hostile and dynamic business environment variables on Individual Entrepreneurial Competence (IEC) and Entrepreneurial Orientation (EO) on Business Performance.Methodology/Technique – This study is conducted on Credit Union...

This paper connects the return to entrepreneurship and firm growth decisions in a dynamic investment model with limited access to external financing. When additional assets can effectively relieve financing constraints, the entrepreneur values dollar return more than its face value for firm...

How large is entrepreneurs' personal importance to startups? We use the death of nearly 1,500 entrepreneurs as a source of variation, and find large and sustained negative effects on growth and profitability. For small startups, the effects go mainly via firm survival, while for larger startups...