Applying real options logic, we build and test a multi-level model that explicates the influence of a country’s intellectual property protection regime on the effect of human and financial capital on growth aspirations. The results suggest that the strength of the intellectual property regime...

This article analyzes the employment generation potential of new, technology-based firms during a recessionary period. The empirical data is from Finland, a country that was hit particularly hard by the economic recession between years 1990 and 1993. In spite of the recession, the number of...

Despite of the significant role of informal venture capital in the financing of new entrepreneurial ventures, there is little research explaining the factors determining the propensity of individuals to make microangel investments. Building on two theoretical frameworks, a social psychological...

Acclaim for the 2011 edition: The Global Entrepreneurship and Development Index ... focuses on high-growth companies. It tries to measure the ambition of entrepreneurs as well as the prevalence of start-ups. It presents its results in ways that are designed to capture the attention of...