This study develops a mathematical framework to analyze the time series of profitability ratios in the early stages of a startup. It is assumed that the expenditure of the startup grows at a steady rate and generates a proportionally identical flow of revenue in each period. The profitability in...

Background: The analysis of entrepreneurial behaviour in incubated technology-based companies can help managers to understand their characteristics and how these aspects can be maximized to increase the performance of the companies. Objectives: This study proposes to measure the entrepreneurial...

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...

This study investigates the effect of entrepreneurial orientation of firms on their performance considering the moderating role of organization structure in firms of the Kaveh industrial city. The executive managers of these firms (approximately 250 people) have formed the statistical society of...

This paper analyzes the impact of foreign presence on growth and survival of domestic firms. I separate the two opposing effects of foreign presence: a negative crowding out and positive technology spillovers and further analyze whether the crowding out effect is dynamic, i.e. domestic firms cut...