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strategies. The lack of innovation manifests in less performance enhancing trading and fewer investments in hard-to-value stocks …. Still, we provide evidence that less performance sensitive as well as non-institutional investors seek investments in mature … funds and that they benefit from more stable investment styles and performance outcomes. …
Persistent link: https://www.econbiz.de/10011300267
This study investigates three competing but complementary perspectives on factors related to entrepreneurial firm growth. We examine individual (entrepreneur) firm and national environment factors associated with the growth expectations of nascent, baby and established firms. Using 25,384 data...
Persistent link: https://www.econbiz.de/10003824239
eine gute makroökonomische Performance vorweist, sinken die Gründungszahlen seit mehreren Jahren. Vieles weist darauf hin … macroeconomic performance, the number of companies being founded has been falling for several years. There are strong indicators …
Persistent link: https://www.econbiz.de/10011422730
macroeconomic performance, the number of companies being founded has been falling for several years. There are strong indicators … eine gute makroökonomische Performance vorweist, sinken die Gründungszahlen seit mehreren Jahren. Vieles weist darauf hin …
Persistent link: https://www.econbiz.de/10011422818
We compare the industrial dynamics in the core, semi-periphery and periphery in The Netherlands in terms of firm entry-exit, size, growth and sectoral location patterns. The contribution of our work is to provide the first comprehensive study on spatial differentiation in industrial dynamics for...
Persistent link: https://www.econbiz.de/10008909580
Using an annual panel of US states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real GDP, productivity, and population. This...
Persistent link: https://www.econbiz.de/10011500393
This paper analyzes how entrepreneurs fare in an intermediary market segment when the segment is closely attached to a single supplier market. While focusing on two structural constraints, organizational structure and competitive pressure, I build off of the fact that in the past thirty years in...
Persistent link: https://www.econbiz.de/10012911506
Despite the idea of a sustainable/equilibrium number of businesses being at the core of economics, very little empirical analysis has looked at how the adjustment process in disequilibrium works. This paper investigates how business establishment/plant entry and exit are affected by...
Persistent link: https://www.econbiz.de/10012718857
This paper addresses three simple questions: how should the contribution of high-growth firms to job creation be measured? how much does this contribution vary across countries? to what extent does the cross-country variation depend on variation in the proportion of high-growth firms in the...
Persistent link: https://www.econbiz.de/10011863450
While the significant decline in US firm formation rates over the past 30 years has raised concern about the health of the US economy, its causes are not yet fully understood. I argue that a significant part of this decline can be explained as an efficient response to size biased technological...
Persistent link: https://www.econbiz.de/10014105062