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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
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
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
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
Policymakers in several countries have recently taken steps to promote the rapid export expansion of small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to as born globals. These measures are...
Persistent link: https://www.econbiz.de/10011852369
Policymakers in several countries have recently taken steps to promote the rapid export expansion of high-tech small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to as born globals. To the best of...
Persistent link: https://www.econbiz.de/10011894354
Using data from the German Socio-Economic Panel Study (GSOEP), we analyze whether necessity entrepreneurs differ from … opportunity entrepreneurs in terms of self-employment duration. Using univariate statistics, we find that opportunity … entrepreneurs remain in self-employment longer than necessity entrepreneurs. However, after controlling for the entrepreneurs …
Persistent link: https://www.econbiz.de/10010442177
define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last … become entrepreneurs. Consistent with the definition, what entrepreneurs believe is luck correlates with the unexplained …
Persistent link: https://www.econbiz.de/10010443047
What is luck in the opinion of entrepreneurs, how does it affect decisions, and what role does it play in firm … believe luck is important are reluctant to become entrepreneurs, and those who do exhibit lower commitment. Luck perceptions … importance among various determinants of overall entrepreneurial performance. One possible reason is that entrepreneurs do not …
Persistent link: https://www.econbiz.de/10011800460
This paper analyzes how companies of immigrant entrepreneurs in knowledgeintensive industries differ from companies of … native entrepreneurs with respect to start-up characteristics, firm survival and innovative performance. I focus on …. Immigrant entrepreneurs are less than half as likely to found a company in a knowledge-intensive industry as native …
Persistent link: https://www.econbiz.de/10008990888