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the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time … for starting a new firm. We integrate insights from the real option theory with the theory on entrepreneurial market entry …
Persistent link: https://www.econbiz.de/10010273504
Starting a business requires investing both money and time in the hope of future financial benefits. Since investments … and potential gains happen over time, the way in which individuals value the future relative to the present—i.e., their … for money, but also for the future time commitments that entrepreneurship entails. Results from a lab-in-the-field study …
Persistent link: https://www.econbiz.de/10014345088
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …-ups ; stochastic dynamic programming ; trade ; exports ; productivity ; real option theory ; investment ; firms ; international …
Persistent link: https://www.econbiz.de/10009730710
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …
Persistent link: https://www.econbiz.de/10013083086
her human capital over time into what we call 'organization capital'. This organization capital can be sold as part of the … firm increases over time …
Persistent link: https://www.econbiz.de/10013316567
This paper examines the where, when and why of first round entrepreneurial investment activity in the United States from the first quarter of 1995 until the second quarter of 2010. The paper analyzes these venture capital investments taking into consideration the role of macroeconomic variables,...
Persistent link: https://www.econbiz.de/10013123254
Economic geography receives limited consideration in the venture capital literature. This study utilizes thirty years of data concerning companies that initially were backed by venture capital. These firms are located in Entrepreneurial Focal Points in the United States, namely: California,...
Persistent link: https://www.econbiz.de/10013156795
analogical model, cost of time, which is more familiar and therefore accessible to lay-people than the analogical model … superiority of A over H and E is robust, even when subjective time and money are modeled using Stevens power laws. However, the … small gains from using exponents for time and money, and the uncertainty in estimating optimal exponents, suggest no …
Persistent link: https://www.econbiz.de/10014045248
This paper has four objectives. First, we describe and evaluate three models of delay discounting (time preference … conclusions to modeling the subjective perception of time and money using Stevens-like power laws. The clear winner is A, both in … the meta-study and in our own new data; with re-specifications of time and money; across distinct cohorts of participants …
Persistent link: https://www.econbiz.de/10013110430
this leader invests at the optimal time. These results are illustrated with a case study drawn from the pharmaceutical …
Persistent link: https://www.econbiz.de/10013048394