Showing 1 - 10 of 1,661
Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …
Persistent link: https://www.econbiz.de/10009625140
This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro‐panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...
Persistent link: https://www.econbiz.de/10010224595
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10011326404
Empirical evidence supports the conventional wisdom that entrepreneurs are more optimistic and overconfident than … entrepreneurs, managers and employees on a comprehensive set of measures of optimism and overconfidence (n = 2,058). The results … show that on average entrepreneurs are more optimistic than others in their dispositional optimism and attributional style …
Persistent link: https://www.econbiz.de/10011378220
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 …
Persistent link: https://www.econbiz.de/10011386370
We examine in a large survey (n = 1,928) how contemplative entrepreneurs, managers and employees are in their decision … conventional wisdom, we find that entrepreneurs have a stronger subjective Faith in Intuition than others. Their actual action … choices are partly in line with this: entrepreneurs make indeed more intuitive choices than managers, but are equally …
Persistent link: https://www.econbiz.de/10011739416
Today, start-ups often obtain financing via the Internet through many small contributions of non-sophisticated investors. Yet little is known about whether these start-ups can ultimately build enduring businesses. In this paper, we hand-collected data from 38 different equity crowdfunding (ECF)...
Persistent link: https://www.econbiz.de/10011721567
We use investment-level data to study performance persistence in venture capital (VC). Consistent with prior studies, we find that each additional IPO among a VC firm's first ten investments predicts as much as an 8% higher IPO rate on its subsequent investments, though this effect erodes with...
Persistent link: https://www.econbiz.de/10011876728
In this study, we perform a meta-analysis on existing research covering the relationship between a venture capitalist's involvement (VCI) and the performance (P) of funded firms. As research on this topic has been inconclusive, we aim to determine whether providers of venture capital (VC) only...
Persistent link: https://www.econbiz.de/10012213477
This study contributes to the debate on VC-related policies that aim to support the growth of young high-tech firms in the EU. The study provides a systematic review of the results of 22 firm-level studies that estimate causal effects of VC using counterfactual impact evaluation methods and data...
Persistent link: https://www.econbiz.de/10014533546