The ability of the market to price high growth stocks is examined by analyzing the returns to simple investment portfolio strategies based on public information. The portfolios consist of shares in the firms listed in the Inc. 100 Ranking of the fastest growing public companies in America. The...

There has developed within the past decade an increased interest among academicians and policy makers in the small companies and entrepreneurs of the world. Domestically, small business is viewed by the “true believers” as the engine that drives the machinery, citing innovation and job...

This paper studies the relationship between entrepreneurship and unemployment. We focus on Necessity TEA (total entrepreneurial activity for those individuals pushed into entrepreneurship because they have no better alternatives for work). We a priori predict that when unemployment is high, TEA...

In two precious articles, The Entrepreneurship Paradigm I and II, the author discussed the state of entrepreneurship research in 1990; in this article the author revisits the topic to review what has changed seventeen years later. The author concludes that by 2007 the field is dominated by...

We studied the financial returns of 52 venture-capital-backed cleantech companies that had IPOs between 2000 and 2010. The median IRR for the first round of venture capital was 26.1% with a range from -10.4% to 140.0%. The median IRR on the third round was 24.5% with a range from 8.1% to 184.6%....

We examine the informal investment1 in the U.S.A. during the period 1999-2003. We develop models that correlate informal investment with income, net worth, age, education level, gender, whether or not an investor is also an entrepreneur, and residency of the investor (e.g., rural versus urban)....

This paper studies the relationship between entrepreneurship and unemployment. We focus on Necessity TEA (total entrepreneurial activity for those individuals pushed into entrepreneurship because they have no better alternatives for work). We a priori predict that when unemployment is high, TEA...