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While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to … consider re-entering into entrepreneurship, or what we term here as renascent entrepreneurship, has been generally overlooked … underlying but unobservable endowment of entrepreneurial skills from entering into entrepreneurship, there is virtually nothing …
Persistent link: https://www.econbiz.de/10005124242
which the objectives of managers and entrepreneurs in choosing the risk composition of their firms' returns are not aligned … managers and entrepreneurs to unhedgeable firm-specific risk, induces them to change the stochastic properties of firm cash … flows. Since they can trade in markets for aggregate risk but not for firm-specific risk, managers and entrepreneurs produce …
Persistent link: https://www.econbiz.de/10005124325
In this paper we study the labour market behavior of employed individuals that have entrepreneurial aspirations in addition to aspirations to switch job. We analyze empirically these two “search processes” side-by-side and report three main findings: First, neither entrepreneurial...
Persistent link: https://www.econbiz.de/10005125777
.e., their prediction ability), and derives an aggregate production function as a result of entrepreneurship. An increase in … affects the total factor productivity (TFP) of an economy, the model can explain how entrepreneurship influences TFP. …
Persistent link: https://www.econbiz.de/10005126334
This paper examines a particular aspect of entrepreneurship, namely firms' activities in adapting to idiosyncratic …
Persistent link: https://www.econbiz.de/10005126425
We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs … markets. This result continues to hold when entrepreneurs can export their output to other markets, thereby incurring a unit … rate of entrepreneurs is higher in larger markets. …
Persistent link: https://www.econbiz.de/10005126698
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
This paper revisits the two-equation model of Carree, van Stel, Thurik and Wennekers (2002) where deviations from the ‘equilibrium’ rate of business ownership play a central role determining both the growth of business ownership and that of economic development. Two extensions of the...
Persistent link: https://www.econbiz.de/10005136892
Existing studies show a positive relationship between entrepreneurs' business performance and their conventional human … entrepreneurship experience (IEE), an unconventional form of human capital, is related to the performance and motivation of … entrepreneurs operating legal businesses in a transition context. Using regression techniques on a sample of 399 private business …
Persistent link: https://www.econbiz.de/10005136903
Eurobarometer survey on Entrepreneurship” covering the 25 European Union member states and the United States. The most surprising of …
Persistent link: https://www.econbiz.de/10005136919