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We find that the enforcement of non-compete clauses significantly impedes entrepreneurship and regional growth. Based …) employment. We address potential endogeneity issues in the supply of venture capital by using endowment returns as an … entrepreneurship and growth …
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Although the entrepreneurship process begins with individuals with relatively unique personal attributes and a likely … system? The answer to this sort of research question is not straightforward because different types of entrepreneurship may … what extent the uneven growth of self employment at the county scale “is a response to opportunity or the result of …
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Staged financing of venture capital-backed firms is valuable to both investors and entrepreneurs, but comes with a potential cost: hold-up. With asymmetric information and strong control rights, financial intermediaries may earn rents on their inside knowledge. We find that environments where...
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into self-employment with incorporated businesses (as a proxy for entrepreneurship) and self-employment with unincorporated … paper investigates how non-compete policies affect different types of self-employment. We exploit policy reforms in Utah and … Massachusetts in 2016 and 2018, which decreased the enforceability of non-compete covenants, as quasi-experiments. We separate self-employment …
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important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified …
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