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We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...
Persistent link: https://www.econbiz.de/10008513213
We model entrepreneurship and the emergence of firms as an outcome of simultaneous bidding for labor services among … entrepreneurs. This result may help explain the empirically low returns to entrepreneurship. …
Persistent link: https://www.econbiz.de/10010573243
We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among …
Persistent link: https://www.econbiz.de/10011256953
Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two … are related. Part of the confusion can be traced back to the measurement of entrepreneurship, biased towards independent … entrepreneurship (self-employed and new firms), and excluding entrepreneurship within established organizations. We shed new light on …
Persistent link: https://www.econbiz.de/10012145505
This paper shows that utility differences between the self-employed and employees increase with financial development. This effect is not explained by increased profits but by an increased value of non-monetary benefits, in particular job independence. We interpret these findings by building a...
Persistent link: https://www.econbiz.de/10013128557
Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two … are related. Part of the confusion can be traced back to the measurement of entrepreneurship, biased towards independent … entrepreneurship (self-employed and new firms), and excluding entrepreneurship within established organizations. We shed new light on …
Persistent link: https://www.econbiz.de/10012021623
This paper shows that utility differences between the self-employed and employees increase with financial development. This effect is not explained by increased profits but by an increased value of non- monetary benefits, in particular job independence. We interpret these findings by building a...
Persistent link: https://www.econbiz.de/10008690920
This paper shows that utility differences between the self-employed and employees increase with financial development. This effect is not explained by increased profits but by an increased value of non- monetary benefits, in particular job independence. We interpret these findings by building a...
Persistent link: https://www.econbiz.de/10011166544
capital. Other strands of literature stress that the supply of entrepreneurship is a fundamental ingredient of economic growth … opportunity driven entrepreneurship. For what regards institutional variables, three interesting and somehow non conventional … results emerge from the analysis. First, low start-up cost are particular favorable for necessity driven entrepreneurship but …
Persistent link: https://www.econbiz.de/10011258267
Persistent link: https://www.econbiz.de/10010509757