Going bankrupt does not necessarily mean the end of an entrepreneurial career. Recent reforms of the insolvency law in several European countries towards a more debtorfriendly system similar to Chapter 11 of the U.S. bankruptcy code make it easier for bankrupt entrepreneurs to start a new...

Geographic clusters have an impressive track record for producing innovative firms. In this research, we examine whether a geographic cluster location and the knowledge spillovers new ventures assimilate influence both their explorative and exploitative innovation activities....

We know that most business fail. But what is not known is to what extent failed ex-entrepreneurs set up in business again. The objective of this article is to explore potential and realized serial entrepreneurship. Based on three disciplines - psychology, labour economics, and the sociology of...

This study utilizes a human capital framework to explore whether business ownership experience is associated with the number of business opportunities identified, the number of identified opportunities that are pursued, and the nature of those opportunities...

In the present note an effort will be made for a contribution to economic theory by extending the discussion paper "Entrepreneurship, Regional Development and Job Creation: The Case of Portugal" by R. Baptista, V. Escárta and P. Madruga, MPI #0605, in which the authors conclude (among others)...

Using decomposition analysis, the paper investigates the reasons why Northern England has less but higher perfoming self-employed business than the South. It finds the causes are mainly structural differences rather than due to regional variation in people's characteristics..

Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm...

This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. It uses an OECD-wide data set and the results of a newly developed two-equation vector autoregressive model....

This paper investigates the effect of business regulations on various measures of entrepreneurship. Using data for a sample of countries participation in the Global Entrepreneurship Monitor between 2002 and 2005, we estimate a two-equation model explaining the nascent and the actual...

This paper discusses the determinants of three alternative measures of innovative output by looking at firm's own formal R&D activities and at the acqusition of external technology (TA) in its embodied and disembodied components. These input-output relationships are also discussed by...