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The growth and human capital structure of new firms over the business cycle
Brixy, Udo; Murmann, Martin - 2016
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10011567399
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IPOs, Human Capital, and Labor Reallocation
Babina, Tania - 2020
How does access to public equity markets affect real outcomes? We examine the human capital of IPO-filing firms and how going public affects their labor force. While IPO-filing firms have high average wages and limited industrial diversification, a success-ful IPO increases departures of...
Persistent link: https://www.econbiz.de/10012855883
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The Growth and Human Capital Structure of New Firms Over the Business Cycle
Brixy, Udo - 2016
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10012977873
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Ability Matching and Survival of Start-Ups
Mueller, Bettina - 2010
New firms are regarded to be of substantial importance for the development of an economy, especially for innovation, growth, and the creation of jobs. However, new firms also face a high risk of failure. Thus, there seem to be high try-out costs connected with the establishment of firms. In...
Persistent link: https://www.econbiz.de/10013150785
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A general framework to evaluate economic efficiency with an application to British SME
Pru°ša, Jan - 2009
This article formalises the idea of money-metric production frontiers, which we propose as a general framework for nonparametric evaluation of economic efficiency. As we show in our methodological discussion, this improves the flexibility and economic interpretation of our model. The empirical...
Persistent link: https://www.econbiz.de/10003929600
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Human capital, social capital and organizational performance
Felício, J. Augusto; Couto, Eduardo; Caiado, Jorge - In: Management decision : MD 52 (2014) 2, pp. 350-364
these attributes on the performance of small and medium-sized Portuguese companies. Design/methodology/approach: The … and cognitive ability influence personal relations and complicity. Organizational performance is strongly influenced by … gain a better knowledge about how to improve the performance of their firms, for example through adjustments in …
Persistent link: https://www.econbiz.de/10010354218
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Incomplete Contracts, Limited Liability, and the Optimality of Joint Ownership
Schmitz, Patrick W. - 2019
The property rights approach to the theory of the firm is the most prominent application of the incomplete contracting paradigm. A central conclusion of the standard model says that joint ownership is suboptimal. In this note, we analyze a modified version of the standard model that is tailored...
Persistent link: https://www.econbiz.de/10012864429
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Social Capital, Scale Economies of Skills and the Equilibrium Number of Entrepreneurs
Salas Fumás, Vincente - 2015
This paper draws on occupational choice theory to explain that observed differences in shares of entrepreneurs as self-employed across countries, may respond to differences in social capital as a support of generalized trust. With a (incomplete) panel data from 63 countries, for a period of 25...
Persistent link: https://www.econbiz.de/10013027780
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Property Rights and Firm Scope
Li, Zhimin; Tong, Tony; Xu, Mingtao - 2023
The voluminous strategy research on the determinants of corporate scope is often premised on a well-established property rights regime, which contrasts with the weak property rights protection that still characterizes most countries today. We address this gap by applying property rights theory...
Persistent link: https://www.econbiz.de/10014343913
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How Much to Integrate? - Firms’ Profit-Maximizing R&D Allocations in Emerging Standard Settings
Kretschmer, Tobias; Reitzig, Markus G. - 2013
We formalize firms’ research and development (R&D) diversification decisions during the pre-market phase of an emerging standards setting. Capturing transaction costs, resource-based considerations, and network effects in a two-player model, in which both agents are fully diversifiable and...
Persistent link: https://www.econbiz.de/10014164431