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Starting anew: Entrepreneurial intentions and realizations subsequent to business closure
Schutjens, Veronique; Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2006
again. The objective of this article is to explore potential and realized serial entrepreneurship. Based on three …) serial entrepreneurship... …
Persistent link: https://www.econbiz.de/10005864963
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The Effects of Experience, Ownership, and Knowledge on IPO Survival: Empirical Evidence from Germany
Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004
We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...
Persistent link: https://www.econbiz.de/10005865241
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Financing High-Tech Growth: The Role of Debt or Equity
Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004
Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...
Persistent link: https://www.econbiz.de/10005865242
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Born Loca l: Two Avenues to Internationalization
Acs, Zoltán J.; Terjesen, Siri - Max-Planck-Institut für Ökonomik <Jena> - 2007
Are firms born Global? Because knowledge spillovers that lead to new venture creation are geographically constrained we believe that firms are born local. It follows that the decision to create sustainable new ventures is independent from the decision to interna-tionalize, even if that is the...
Persistent link: https://www.econbiz.de/10005864585
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Could The Irish Miracle Be Repeated in Hungary?
Acs, Zoltán J.; O’Gorman, Colm; Szerb, Laszlo; … - Max-Planck-Institut für Ökonomik <Jena> - 2005
It is widely recognized that foreign direct investment (FDI) plays an important role ineconomic development. Internationalization theory is used to explore how inward FDIimpacts entrepreneurial activity. Using data from the Global EntrepreneurshipMonitor we find significant differences in...
Persistent link: https://www.econbiz.de/10005864986
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Banking Entrepreneurship Differentials between Europe and Usa : A Note
Georgiou, Miltiades N.; Kyriazēs, Nikos K. - Max-Planck-Institut für Ökonomik <Jena> - 2006
The present paper refers to the field of "corporate convergence theory". A recent work on corporate convergence of Krishna et al. (2002) points out that there is little evidence that common standards in corporate fovernance have been implemented.Besides, in the same study (page 2) it is...
Persistent link: https://www.econbiz.de/10005864879
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Entrepreneurship and Innovation Policy
Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2008
What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …
Persistent link: https://www.econbiz.de/10005864511
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Creating Strategic Advantage through EntrepreneurialGovernance in New Ventures
Audretsch, David B.; Lehmann, Erik; Plummer, Lawrence A. - Max-Planck-Institut für Ökonomik <Jena> - 2007
An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005864514
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Demography and Innovative Entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10005864516
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Democratic Capitalism and Philanthropy in a Global Economy
Acs, Zoltán J.; Desai, Sameeksha - Max-Planck-Institut für Ökonomik <Jena> - 2007
globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which … from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship …
Persistent link: https://www.econbiz.de/10005864533