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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
entrepreneurship, which is critical to the sustainability of a vibrant entrepreneurial ecosystem …
Persistent link: https://www.econbiz.de/10013246919
This article focuses on the development and implementation of modern Shari'ah-compliant project and infrastructure finance structures and techniques. The definition and history of project finance are summarized, as are some of the essential institutions, practices, premises, methodology and...
Persistent link: https://www.econbiz.de/10013080955
We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …
Persistent link: https://www.econbiz.de/10010528295
Population dynamics is a branch of life sciences dealing with the way populations are affected by the birth and death rates, the changes in the size and age composition of populations, and the biological and environmental processes influencing those changes. This paper applies the Population...
Persistent link: https://www.econbiz.de/10013148834
What is driving the declining quality of innovation-driven entrepreneurship? In this paper, we argue the growing … entrepreneurship industry is an important yet overlooked explanation. This rapidly growing industry has transformed the nature of … entrepreneurship and encouraged a particular form of low-quality entrepreneurship. It has done so by leveraging the Ideology of …
Persistent link: https://www.econbiz.de/10012847044
A large and still growing body of literature suggests that entrepreneurship is of exceptional importance in explaining …
Persistent link: https://www.econbiz.de/10011549400
The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...
Persistent link: https://www.econbiz.de/10009781640
The role of individual inventors, small firms and entrepreneurs in the patent courts has become controversial for two, somewhat contradictory reasons. First, there is the view that small parties may be at a serious disadvantage in the courts since they do not have the financial resources to...
Persistent link: https://www.econbiz.de/10014210760
Risk-averse entrepreneurs contract with financiers to fund their projects. Projects can be operated under green or dirty technologies. We explore the role of limited commitment in determining the adoption of green technologies when governments enact carbon taxes and/or directed investment...
Persistent link: https://www.econbiz.de/10013404260