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We assess the empirical literature on the determinants of spatial variations in new-firm formation rates by undertaking a systematic empirical analysis of the relative roles of different demand- and supply-side factors. Using instrumental variables to address endogeneity, we find that local...
Persistent link: https://www.econbiz.de/10012021959
asymmetric information. The model shows that, in a labour market where education is used as a signalling device, an imperfect … relationship between productivity in education and in the labour market can lead to an equilibrium where a fraction of the high … is prediction is confirmed empirically: Individuals combining low education with high ability have the highest …
Persistent link: https://www.econbiz.de/10010330275
By adopting the evolutionary approach to resilience, this paper discusses and empirically investigate the determinants of the ability of region to resist, absorb, and react to recessionary shocks. The recent 2008 Great Recession has extremely affected most of the advanced economies all over the...
Persistent link: https://www.econbiz.de/10012020083
We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...
Persistent link: https://www.econbiz.de/10010325359
In the media role models are increasingly being acknowledged as an influential factor in explaining the reasons for the choice of occupation and career. Various conceptual studies have proposed links between role models and entrepreneurial intentions. However, empirical research aimed at...
Persistent link: https://www.econbiz.de/10010325670
This study is the first to examine the decision to re-enter business ownership by entrepreneurs who have exited their first business using a longitudinal matched employer-employee database. This kind of data allow us to distinguish between those serial entrepreneurs who re-enter business...
Persistent link: https://www.econbiz.de/10010263804
I explore the factors that determine whether new business opportunities are exploited by starting a new venture for an employer ('nascent intrapreneurship') or independently ('nascent entrepreneurship'). Analysis of a nationally representative sample of American adults gathered in 2005-06...
Persistent link: https://www.econbiz.de/10010269378
The process of the entrepreneurial decision is decomposed in seven engagement levels ranging from never thought about starting a business to gave up, thinking about it, taking steps for starting up, having a young business, having an older business and no longer being an entrepreneur. By using a...
Persistent link: https://www.econbiz.de/10010318828
Entrepreneurs are found to have balanced skill sets and most have worked in small firms before starting their own business. In light of this, we compare the skill sets of employees working in businesses of different size to the skill sets of entrepreneurs using a rich data set on the applied...
Persistent link: https://www.econbiz.de/10010281651
This paper proposes that risk aversion encourages individuals to invest in balanced skillprofiles, making them more likely to become entrepreneurs. By not having taken this possiblelinkage into account, previous research has underestimated the impacts both of risk aversionand balanced skills on...
Persistent link: https://www.econbiz.de/10009486995