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This report investigates the impact of digitalization on firm-level performance using survey data from 681 digital … select digital applications and the digitalization of different aspects of the firm's business models were found to be potent … digitalization variables on performance through their effect on business model experimentation, although the digitalization variables …
Persistent link: https://www.econbiz.de/10014582872
One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...
Persistent link: https://www.econbiz.de/10011420651
Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U.S. in both VC activity and the creation of successful startups, and has recently been surpassed by China. Few European countries have rates of VC activity commensurable to their...
Persistent link: https://www.econbiz.de/10011657477
In some classes of models, taxes at the owner level are "neutral" and have no effect on firm activity. However, this tax neutrality is sensitive to assumptions and no longer holds in more complex models. We review recent research that incorporates greater complexity in studying the link between...
Persistent link: https://www.econbiz.de/10011343003
To advance understanding of the entrepreneurship process in developing economies, this article evaluates whether registered enterprises that initially avoid the cost of registration, and focus their resources on overcoming other liabilities of newness, lay a stronger foundation for subsequent...
Persistent link: https://www.econbiz.de/10012985417
We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of...
Persistent link: https://www.econbiz.de/10012838748
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
Young technology ventures are strongly affected by technological environmental conditions. In the light of opportunity theory, this study focuses on the interaction of a young firm's technological base and the pace of technological development in its field. It distinguishes three technological...
Persistent link: https://www.econbiz.de/10010378894
The paper explores the impact of digital transformation (DT) on new business creation in the case of European Union member states over the period 2015-2020 by employing several econometric techniques such as Ordinary Least Squares (OLS) and quantile regression (QR). The results of OLS regression...
Persistent link: https://www.econbiz.de/10014540665
This paper reviews policies to strengthen Germany’s productivity growth and prepare for changes in labour markets brought about by new technologies. This paper also discusses how social protection and the bargaining framework should be reformed for the future of work. Germany enjoys a...
Persistent link: https://www.econbiz.de/10011914635