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Matching of Individuals for Start-Ups: A Test of the O-Ring Theory

Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

In this paper I analyse how individuals match for for the purpose of setting up a new firm. As a theoretical basis I use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts that individuals segregate between firms according to their...

Persistent link: https://www.econbiz.de/10005097521

Human capital and successful academic spin-off

Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

Academic spin-offs are one way in which employability of university graduates is reflected. Using the ZEW spinoff-survey, this paper studies empirically the impact of human capital on the success of academic spinoffs founding in knowledge and technology intensive sectors. The focus is thereby on...

Persistent link: https://www.econbiz.de/10005097737

Benefits of Control, Capital Structure and Company Growth

Mueller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

This paper studies the influence of the private benefits of control on the capital structure and the growth of private companies. It is argued that companies in which existing owners would lose more control if they expanded, have smaller equity increases, are more highly levered and grow more...

Persistent link: https://www.econbiz.de/10005097834

Young, open and international: the impact of search strategies on the internationalization of new ventures

Zimmermann, Jörg; Grimpe, Christoph; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

Young firms with the ability to internationalize early and decisively have received much attention in recent academic discussion. However, relatively little is known about the underlying processes that enable them to skip several stages of the internationalization process. We contribute to this...

Persistent link: https://www.econbiz.de/10005098125

Underdiversification in Private Companies: Required Returns and Incentive Effects

Müller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

Owners of private companies are often highly underdiversified which exposes them to idiosyncratic risk. We investigate the consequences of underdiversification at the company level. Information on US companies and their owners is obtained from the Survey of Consumer Finances and the Survey of...

Persistent link: https://www.econbiz.de/10005098148

Wealth Distribution, Entrepreneurship and Intertemporal Trade

Banerji, Sanjay; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2001

This paper examines the pattern of intertemporal trade between countries with different distribution of wealth. We also examine the consequences of redistribution policies in this framework. The driving force of our model are risk aversion, capital market imperfections, and costs associated with...

Persistent link: https://www.econbiz.de/10005100738

Wealth Distribution, Moral Hazard, and Entrepreneurship

Banerji, Sanjay; Long, Ngo Van - Centre Interuniversitaire de Recherche en Analyse des … - 2000

This paper examines the endogenous determination of the choice between an entrepreneur and a pure lender. The model relies on three key factors: risk aversion, wealth distribution, and moral hazard. We show that, under certain assumptions, only agents in the middle range of the wealth...

Persistent link: https://www.econbiz.de/10005101030

The organizational culture role in promoting innovations

Tantau, Adrian Dumitru - In: Management & Marketing 1 (2006) 4

organization culture is very often discussed in relation to innovation. The common conception is that an entrepreneurship culture …

Persistent link: https://www.econbiz.de/10005106580

Student attitudes to entrepreneurship

VOLKMANN, Christine K.; TOKARSKI, Kim Oliver - In: Management & Marketing 4 (2009) 1

This study on Student Attitudes to Entrepreneurship investigates the image which university students have of … entrepreneurs and entrepreneurship. It is an initial exploratory/empirical study, which looks at the situation in Germany, Romania … features to the image of entrepreneurship and attitudes to it in the five countries. It is interesting to note that the …

Persistent link: https://www.econbiz.de/10005106583

Common dimensions for entrepreneurship and strategy: the need for strategic entrepreneurship

TANTAU, Adrian Dumitru - In: Management & Marketing 3 (2008) 1

Research about the combination between strategy and entrepreneurship is in the early stages. While the benefits of … combining entrepreneurship and strategy are well established, specific details and relations between common elements of strategy … and entrepreneurship as a concept remain under-developed and unsubstantiated. This paper explores the relation between …

Persistent link: https://www.econbiz.de/10005106584