This paper empirically investigates the effect of interbank competition and misallocation of credit on the creation and destruction of establishments. Using industry and prefecture level establishment data from Japan, we find that concentration in the banking sector negatively affects start-up...

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

We show that partnering with venture capitalists may be a curse to entrepreneurs in that it reduces their profits in the commercialization phase. Agents rationally infer that a likely reason an entrepreneur who has received managerial assistance (from a venture capitalist) refrains from a...

To exploit the economies of scale and scope in multi-product technologies, enterprises in advanced capitalist countries grew in the last 150 years in three directions. By substituting in the place of traditional entrepreneurs professional managers, they developed organisational capabilities to...

The case is about a visionary entrepreneur who diversified his dairy business into related product category i.e., the ice-cream known as “Tasty Ice Cream” and entered into the nascent market of Ahmedabad city. The concept of ice-cream was very innovative at that time and there was only one...

As the Copenhagen talks resulted in yet another stalemate, I started to think that we needed a new way of thinking about environmental problems to tackle it. We need to bring more entrepreneurs into the field. To encourage entrepreneurs there needs to be a well functioning successful marketplace...