We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their start-up satisfaction. Our results identify a group of nascent entrepreneurs that “cannot get satisfaction†with their start-up because they did not choose to become...

We analyze the effect of peer influence on the diffusion of an innovative network good. We argue that the adopters of a network good have an incentive to convince others to purchase the same product because their utility depends on the number of other users. This peer-effect influences...

The knowledge spillover theory of entrepreneurship seeks to explain the sources of entrepreneurship and its consequences with regard to economic performance. This paper extends this theory and links it to innovation performance. We propose that a high rate of entrepreneurship facilitates the...

The determinants of entrepreneurial choice have been thoroughly analyzed. Little is known, however, about the preferred mode of entry into entrepreneurship, such as taking over an existing business or starting a new venture. Using a large, international dataset, this study reports considerable...

How does the social capital of venture capitalists (VCs) affect the funding of start-ups? Extant entrepreneurship literature conceptualizes a substitute effect between the social and financial capital that new firms attain from their investors. On the contrary, by building on the rich social...

We analyze the effect of peer influence on the diffusion of an innovative network good. We argue that the adopters of a network good have an incentive to convince others to purchase the same product because their utility depends on the number of other users. This peer-effect influences...

Family firm's long-term orientation and strong local roots suggest positive effects on regional R&D cooperation and regional innovation output. This article analyzes the effect of family firm density on regional innovation output. Combining a dataset of 326 German regions with the locations of...