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We explore whether the tendency for smaller firms to have fewer hierarchical layers explains the well-documented inverse correlation between firm size and the rate at which employees become business owners. Our analysis is based on a Swedish matched employer-employee dataset. Conditional on firm...
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tested by an in-depth examination of the experiences of Sweden and the US. Despite large levels of R&D spending and … comprehensive government support schemes, science-based entrepre-neurship has been far less important in Sweden compared to the US … Sweden in some areas is consistent with these changes. Our analysis suggests that a policy aimed at encouraging science …
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