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and innovation effort in firms. We test predictions derived from our framework using a sample of more than 7,000 firms … induce managers to decrease buffering effects promoting innovation effort; but 2) stronger NCGI employee protections magnify … increase commitment effects promoting innovation effort. Cross-country research on the relationship between firm slack and …
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This paper offers an increasing returns model of the evolution of exchange institutions building on Smith's dictum that “the division of labor is limited by the extent of the market”. Exchange institutions are characterized by a tradeoff between fixed and marginal costs: the effort necessary...
Persistent link: https://www.econbiz.de/10012936643
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 environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10003896204
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 environment and entrepreneurial characteristics affect...
Persistent link: https://www.econbiz.de/10013155593
-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …
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Formal institutions, e.g., regulations, are considered crucial determinants of entrepreneurship, but what enables regulatory change when there is a regulatory void, meaning entrepreneurship clashes with existing regulations? Drawing on public choice theory, we hypothesize that regulatory freedom...
Persistent link: https://www.econbiz.de/10013175457
The growing importance of innovation in the modern economy has revived the interest of economic sciences in studies on … the mechanisms that govern innovation and its impact on economic development. This growth of interest induced the concept … of the national system of innovation (NSI), which occupies an important place in the innovation policy of all developed …
Persistent link: https://www.econbiz.de/10013334992