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We explore how institutional quality moderates the effectiveness of privatization on entrepreneurs' sales performance … develop a model of emerging market venture performance. Using data from the World Bank's Enterprise Survey of entrepreneurs in …. These findings suggest that the effectiveness of privatization on entrepreneurial performance is context-specific, which …
Persistent link: https://www.econbiz.de/10012895246
We study whether corporate income taxation affects the long-term growth of newly incorporated companies through its effect on their choice of leverage at entry. We find that a decrease in corporate income taxation leads to a sizeable decrease in leverage at entry, and that the distribution of...
Persistent link: https://www.econbiz.de/10012895712
Analyzing data on all U.S. employers in a cohort of entering firms, we document a highly skewed size distribution, such that the largest 5% account for over half of cohort employment at firm birth and more than two-thirds at firm age 7. Little of the size variation is accounted for by industry...
Persistent link: https://www.econbiz.de/10012898724
Despite the evidence on the positive effect of venture capital (VC) on portfolio firm performance, such evidence badly …
Persistent link: https://www.econbiz.de/10012936370
This paper studies how prior professional connections among founding employees predict a new firm's short and medium term success. We apply three employment network measures to a large employer-employee matched Brazilian panel dataset, to find that network structures are strongly predictive of...
Persistent link: https://www.econbiz.de/10012937022
Policy makers find it difficult to promote economic development through entrepreneurship and SMEs. In this paper we argue that this is because the positive impact of entrepreneurship is overestimated and its negative impact underestimated. It is moreover also because there is no unified...
Persistent link: https://www.econbiz.de/10012943715
The problem of economic calculation is relevant outside the extremes of purely for-profit enterprise and socialist central planning: calculation is also a vital lens through which to view alternative forms of economic organization in the market economy. This chapter examines one such example:...
Persistent link: https://www.econbiz.de/10012944954
Household Enterprises (HEs) have not received much consideration in the enterprise literature even though they are crucial for the development of an economy. These enterprises have been the main source of livelihood for most families in the informal sector and their contribution to reduction in...
Persistent link: https://www.econbiz.de/10012824446
evident, little is known about their efficacy and drivers of performance. Analyzing a hand-collected novel dataset containing …
Persistent link: https://www.econbiz.de/10012868249