Does heterogeneity in the educational backgrounds of the founders matter for firm success? Are team foundations more successful than single entrepreneurs? These questions are analysed using data on academic spinoffs in Germany. Firm success is measured by employment growth. I find that team...

Es wird immer wieder angeführt, dass die Deutschen weniger risikobereit sind, wenn es um die im Vergleich zu den USA geringe Gründungsneigung in Deutschland geht. Haftungsbeschränkte Rechtsformen sind eine Möglichkeit, dieser Risikoneigung zu begegnen. Seit dem 1. November 2008 gibt es eine...

In this paper I analyse how individuals match for for the purpose of setting up a new firm. As a theoretical basis I use the O-ring theory introduced by Kremer (1993) and applied to new firms by Fabel (2004). The O-ring theory predicts that individuals segregate between firms according to their...

Academic spin-offs are one way in which employability of university graduates is reflected. Using the ZEW spinoff-survey, this paper studies empirically the impact of human capital on the success of academic spinoffs founding in knowledge and technology intensive sectors. The focus is thereby on...

In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to education. As a theoretical basis, I apply the O-ring theory...

Sechs Prozent aller Unternehmen, die in Deutschland im Jahr 2014 gegründet wurden, können der Kultur- und Kreativwirtschaft zugerechnet werden. Analog zum allgemeinen Trend gehen auch die Gründungen in diesen Wirtschaftsbereichen zurück. Es gibt aber deutliche Unterschiede in der...

We investigate the workforce heterogeneity of startups with respect to education, age and wages. Our explorative study uses data on the population of 1,614 Danish firms founded in 1998. We track these firms until 2001 which enables us to analyze changes in workforce composition over time. Such a...

In this paper, I analyse how the survival of new firms is affected by the average ability level in the founding team, the team size, team members' homogeneity with respect to ability, and team members' heterogeneity with respect to education. As a theoretical basis, I apply the O-ring theory...