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This paper studies the event history of business foundation. Three theoretical concepts of human, financial and social capital are linked to investigate variations over time of people's decision processes to become self-employed. Data from a cohort of Dutch inhabitants born in 1939/1940 who have...
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The O-Ring theory provides a framework for analyzing the effects of team production on the emergence of firms in the … New Economy. Given risk-aversion of the potential team members, the productive advantage of perfect ability matching in … the team members. At the same time, abilities remain private information of the employees in "managed" firms organized on …
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