We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...

This paper analyses the impact of a change in Australia's immigration policy, introduced in the mid-1990s, on migrants' probability of becoming entrepreneurs. The policy change consists of stricter entry requirements and restrictions to welfare entitlements. The results indicate that those who...

The economic expansion of the late 1990s created many opportunities for business creation in Silicon Valley, but the opportunity cost of starting a business was also high during this period because of the exceptionally tight labor market. A new measure of entrepreneurship derived from matching...

This paper is concerned with whether women are less likely to express business start-up intentions because of a less favourable attitude to risk. Previous research suggests that attitude to risk differs significantly between genders, but has not addressed the question of whether this contributes...

Zielsetzung der Untersuchung ist es, die Charakteristika und Bestimmungsfaktoren für eine Existenzgründung von Freiberuflern und Unternehmern (sonstige Selbständige) in der Bundesrepublik Deutschland anhand des Sozio-ökonomischen Panels (SOEP) für die Jahre 1991 bis 2001 aufzuzeigen. In...

Grundlage für die empirische Analyse freiberuflicher Existenzgründungen ist eine möglichst umfassende Datenbasis, welche relevante Informationen zur Existenzgründung der Freiberufler beinhaltet und ein realistisches Abbild der Wirklichkeit (Repräsentativität) wiedergeben kann. In diesem...

This paper analyses the effect of the education of the self-employed on the success of their firms during economic downturn and upturn in the 1990s in Finland. We find that the business cycle affects the relative closure rates of firms run by the self-employed with any level of education. Exit...

Recent empirical studies have shown that many employees would prefer to be self-employed, just as many nascent entrepreneurs are also in fulltime, paid employment. This paper investigates the factors determining individual preference for being self-employed, entrepreneurial intention and...

Die Gründung eines Unternehmens kann elementare Veränderungen in bestehenden wirtschaftlichen Prozessen und Strukturen nach sich ziehen (vgl. Schumpeter 1934, S. 99f.). Jedoch erfolgen solche Veränderungen oftmals nicht problemlos. So können sich etablierte Branchen sowie das institutionelle...