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This paper studies how covenants are included in contracts between venture capitalists (VCs) and entrepreneurs. I show that VCs hold covenanted veto rights even though they are shareholders who have access to other powerful governance solutions. Unlike bank loans and bonds, venture capital (VC)...
Persistent link: https://www.econbiz.de/10010990553
Hsu, entrepreneurship and innovation.</i> …
Persistent link: https://www.econbiz.de/10010990626
the SDL paradigm, this paper examines service-oriented entrepreneurship, where new business opportunities can be … are developed using literature on SDL and entrepreneurship. Next, secondary cases from four companies are offered which …
Persistent link: https://www.econbiz.de/10010990668
Technical Development (NUTEK) have been rewarding research on small business and entrepreneurship with the FSF-NUTEK Award for … research on small business and entrepreneurship. This award is given to leading scholars who have had the greatest impact in … shaping the field of small business and entrepreneurship research. In particular, FSF and NUTEK invited these pre …
Persistent link: https://www.econbiz.de/10010990889
Although topics in corporate governance have been present in literature for almost a century, most of the theoretical and empirical work has focused on large and public companies, or the "<italic>Berle-Means-Corporation</italic>" in which fragmented ownership, caused by the separation of ownership and control,...
Persistent link: https://www.econbiz.de/10010990890
more wholesome perspective to contemporary writings and teachings on entrepreneurship. The authors review the historical … the theory of economic development. In addition, there are other conceptions of entrepreneurship presented besides … economic change. Finally, the authors expose the many different facets of entrepreneurship as they have been perceived by some …
Persistent link: https://www.econbiz.de/10010990891
independent entrepreneurship, also known as self-employment or business ownership, and economic development. We argue that the … reemergence of independent entrepreneurship is based on at least two 'revolutions'. If we distinguish between solo self …-employed at the lower end of the entrepreneurship spectrum, and ambitious and/or innovative entrepreneurs at the upper end, many …
Persistent link: https://www.econbiz.de/10010990894
. Based on publicly available data collected by the Science-to-Business Marketing Research Centre of Germany as part of a …
Persistent link: https://www.econbiz.de/10010990964
Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the … entrepreneurship increases the probability of entrepreneurial success. The results also lend credence to theories of entrepreneurship …
Persistent link: https://www.econbiz.de/10010990965
relationships are affected by determinant factors which may inhibit or facilitate the entrepreneurship. Our aim is to evaluate the … creativity—about the entrepreneurship in 236 small and medium enterprises of the national defence. One of the questions initially … posed is if there is a significant relation between corporation, innovative methods of work, creativity and entrepreneurship …
Persistent link: https://www.econbiz.de/10010990980