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We employ agency theory to argue that the effects of family (and founder) ownership vs. management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have been...
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entrepreneurship for an international large sample of countries for a period of six years (2007-2012). The dimensions of country … index developed by the World Bank in its Doing Business report series. To measure entrepreneurship we use the World Bank … Group Entrepreneurship Survey where the number of new registered businesses, as a percentage of the working age population …
Persistent link: https://www.econbiz.de/10011819885
, entrepreneurship, and inequality to emerge in society. Institutions that constrain the discretionary authority of government … incentivize productive entrepreneurship and facilitate free market capitalism, giving rise to a natural or market determined … government incentivize unproductive entrepreneurship and facilitate the development of crony capitalism, resulting in structural …
Persistent link: https://www.econbiz.de/10013040391
This paper investigates the implications of the fair value protections contemplated by the standard corporate contract (i.e., the standard contract form for which corporate law provides) for the entrepreneur-venture capitalist relationship, focusing, in particular, on unavoidable...
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This paper examines how ownership characteristics affect the performance of small and medium technology startups in Russia. We focus on how different types of owners (e.g. founders, state, venture capital and corporate firms) contribute to startup performance. Using an unbalanced panel of...
Persistent link: https://www.econbiz.de/10012847473