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Bernstein, Shai - 2017

This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...

Persistent link: https://www.econbiz.de/10011723674

Unemployment benefit duration and startup success

Camarero Garcia, Sebastian; Murmann, Martin - 2020

Despite the importance of business creation for the economy and a relevant share of new firms being started out of unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes that ignore self-employment. In this paper, we...

Persistent link: https://www.econbiz.de/10012241969

Risky business : venture capital, pivoting and scaling

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2024

The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these risks differently. This paper investigates the influence of an active venture capital (VC) market on startups’ decisions regarding research and scaling. It outlines conditions...

Persistent link: https://www.econbiz.de/10014564131

Greasing the Wheels of Entrepreneurship? Impact of Regulations and Corruption on Firm Entry

Dreher, Axel; Gassebner, Martin - 2007

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

Entrepreneurship, Institutions, and Economic Growth

Boudreaux, Christopher; Caudill, Steven B. - 2019

This study questions the assumption that entrepreneurship unequivocally leads to economic growth. Using insights from … institutional theory and development economics, we reevaluate entrepreneurship’s contribution towards economic growth. Our study … uses Global Entrepreneurship Monitor (GEM) data for a panel of 83 countries from 2002 to 2014 and highlights several …

Persistent link: https://www.econbiz.de/10014105119

A Theory of Entrepreneurial Overconfidence, Effort, and Firm Outcomes

Everett, Craig R. - 2015

We present a theory of entrepreneurial behavior that explores the relationship between overconfidence and successful firm outcomes, such as acquisition or IPO. In our model, increasing overconfidence produces two conflicting effects on the probability of a successful outcome: it not only induces...

Persistent link: https://www.econbiz.de/10013032346

Unemployment Insurance and Entrepreneurship

Røed, Knut - 2013

programs (ALMP) affect the transition rates from unemployment to regular employment and entrepreneurship. We find that the … entrepreneurship hazard is highly responsive with respect to UI incentives, and that the probability of starting up a new business … employment hazard, it has no effect on entrepreneurship. We speculate that this reflects the programs' one-sided focus on job …

Persistent link: https://www.econbiz.de/10013088343

Academics’ Start-Up Intentions and Knowledge Filters : An Individual Perspective of the Knowledge Spillover Theory of Entrepreneurship

Guerrero, Maribel - 2014

. The vehicle to knowledge transfer is entrepreneurship. Therefore, the main actor is the academic entrepreneur, but no … empirical study has highlighted the knowledge spillover theory of entrepreneurship at the individual level. The purpose of this … within entrepreneurial university. Adopting the knowledge spillover theory of entrepreneurship and the planned behavior …

Persistent link: https://www.econbiz.de/10013060221

Crowdfunding Under Market Feedback, Asymmetric Information And Overconfident Entrepreneur

Miglo, Anton - 2018

This article is the first one that considers a model of the choice between the different types of crowdfunding, which contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model provides several implications, most of which have not yet...

Persistent link: https://www.econbiz.de/10012925818

The Nature of Entrepreneurship and its Determinants : Opportunity or Necessity?

Bras, Gonçalo; Soukiazis, Elias - 2021

Within the institutional theory of North (1990, 2005), the objective of this study is to analyse the impact of economic and institutional factors, formal and informal, in the entrepreneurial activity of nations, particularly in Total Entrepreneurial Activity (TEA). In order to evaluate the...

Persistent link: https://www.econbiz.de/10013214664