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An enormous number of firms fail to deliver economically profitable growth in output even though they may have strong managerial teams and adequate capital. In this paper, we provide new empirical evidence to demonstrate a few fundamental factors that can account for the ability of a firm to...
Persistent link: https://www.econbiz.de/10014258239
The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …
Persistent link: https://www.econbiz.de/10014050262
Rostam-Afschar (2014) analyzes the impact of the deregulation of the German Trade and Crafts Code of 2004 on entrepreneurial activity, using German microcensus (MC) data. He finds a positive effect on market entry and self-employment and no change in exit probabilities. As these results...
Persistent link: https://www.econbiz.de/10012040987
Entrepreneurship can have important positive effects linked to job creation, wealth and income generation, innovation … mechanism through which entrepreneurship can be encouraged, grown and its economic benefits harnessed. The effect of regulatory … conditions on entrepreneurship however is not well understood, and can be nuanced given the wide range of regulatory tools and …
Persistent link: https://www.econbiz.de/10012953388
executive education entrepreneurship seminar to examine how positive skew influences risky choices. Both groups are found to … of the explanation why older people are more likely to enter into entrepreneurship …
Persistent link: https://www.econbiz.de/10013095496
Empirical studies use the assumption of stability in individual risk attitudes when searching for a relationship between attitude to risk and the decision to become and survive as an entrepreneur. We show that risk attitudes do not remain stable but face endogenous adaption when starting a new...
Persistent link: https://www.econbiz.de/10013043584
Persistent link: https://www.econbiz.de/10012211989
We study the behavioral drivers of market entry. An experiment allows us to disentangle the impact on entry across different types of markets of two key behavioral mechanisms: overconfidence and attitude toward ambiguity. We theorize and show that the causal effect of overconfidence on entry is...
Persistent link: https://www.econbiz.de/10012253307
Motivated by the findings of Ramada-Sarasola (2009) and the lack of robustness of the previous literature's results on foreign entry mode choice to model specification in this paper I perform an Extreme Bounds Analysis to determine which of almost 60 explanatory variables used in the literature...
Persistent link: https://www.econbiz.de/10013151630
In analyzing firm entry and exit across Belgian manufacturing industries, this paper presents evidence that import competition and foreign direct investment discourage entry and stimulate exit of domestic entrepreneurs. These results are in line with theoretical occupational choice models that...
Persistent link: https://www.econbiz.de/10014030440