Drawing on Baumol’s concepts of productive, unproductive and destructiveentrepreneurship and relevant amendments, this thesis aims to contribute to theentrepreneurship literature by developing a conceptual framework which allowsoperationalising the concepts for empirical assessment....

Does entrepreneurial optimism affect business performance? Using a unique data setbased on repeated survey design, we investigate this relationship empirically. Ourmeasures of ‘optimism’ and ‘realism’ are derived from comparing the turnovergrowth expectations of 133 owners-managers with...

The literature is divided in its opinion about the impact of concentration of ownership on firmperformance. On the one hand, concentration of ownership that, in turn, concentratesmanagement control in the hands of a strategic investor, eliminates agency problemsassociated with dispersed...

Some ten years ago, Michael Dooley (Dooley, 1997; Dooley, 2000) put forwardan insurance model of currency crises, which after some modifications gives a goodtheoretical basis for explanation of the overall dynamics of the post communist transformationand diversity across countries and periods. The...

The principal argument for subsidizing foreign investment, especially in developing andtransition economies, is the assumed spillover of technology to local firms. Yet researchersreport mixed results on spillovers. To examine the phenomenon in a systematic way, wecollected 3,626 estimates from...

Croatian manufacturing firm exhibits large variation in participation in innovative work practices(IWPs) notably online teams, offline teams, employee ownership, and incentive pay. Amongst IWPs,probit estimates reveal that membership in offline teams most often yields favorable outcomes...

We investigate the impact of adopting an enterprise resource planning (ERP) system onperformance changes and employee outcomes in a retail chain. We find that: (i) sales andinventory turnover initially drop by 7 % and recover in 6-12 months; (ii) inventory turnoverrecovers more quickly for...

In Africa’s least developed countries (LDCs), escape from poverty and convergence to livingstandards of more advanced economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate growth and job creation. So far,however,...

Many developing and emerging markets have high degrees of state bank ownership. In addition, therecent global financial crisis has led to significant state ownership of banking assets in developedcountries such as the United Kingdom. These observations beg the question of whether...

Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs detailed firm-level panel-data from Estonia’smanufacturing sector to investigate different channels through which FDI can affectdomestic firms. I use instrumental variables...