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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 teams suffices to establish an equilibrium which separates...
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We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …
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positive for would-be entrepreneurs, in contrast to correlations in the data or uninstrumented estimates. Using firm data, we … also investigate how the newly insurance-induced entrepreneurs fare relative to their uninsured peers. Results suggest that …
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positive for would-be entrepreneurs, in contrast to correlations in the data or uninstrumented estimates. Using firm data, we … also investigate how the newly insurance-induced entrepreneurs fare relative to their uninsured peers. Results suggest that …
Persistent link: https://www.econbiz.de/10010338727
intentions. However, empirical research aimed at establishing the importance of role models for (nascent) entrepreneurs is scarce … completed by a representative sample of 292 entrepreneurs in three major Dutch cities - entrepreneurs who have recently started …
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