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Capital Redistribution and the Market Allocation of Firm-Ownership

Grüner, Hans Peter; Schils, Ruediger - C.E.P.R. Discussion Papers - 2002

This Paper studies the relationship between political wealth redistribution and the allocation of firm-ownership when production requires an unobservable input. The economy's wealth distribution affects the equilibrium interest rate and the allocation of entrepreneurial rents because wealth...

Persistent link: https://www.econbiz.de/10005123568

Ownership and Growth

Gylfason, Thorvaldur; Herbertsson, Tryggvi Thor; Zoega, … - C.E.P.R. Discussion Papers - 1998

This paper introduces state-owned enterprises into an endogenous-growth model with an expanding variety of inputs. It shows that, if state firms are less efficient than private firms in organizing labour and also in adopting new technology, the rate of innovation and, hence, also the rate of...

Persistent link: https://www.econbiz.de/10005123742

Restructuring Enterprises in Eastern Europe

Carlin, Wendy; Mayer, Colin - C.E.P.R. Discussion Papers - 1992

Treuhandanstalt, banks, Western companies and the incumbent management. It records a gradual transfer of control from the state to the … management of firms. It argues that the central role played by banks and companies in restructuring reflects an important … East German management. This raises the question of what East European countries that do not possess institutions with …

Persistent link: https://www.econbiz.de/10005136772

Does the New Economy Need New Governance? Ownership, Knowledge and Performance

Audretsch, David B; Lehmann, Erik - C.E.P.R. Discussion Papers - 2002

We study the implications of ownership and its induced incentives on firm performance in the ‘New Economy’. Instead of traditional performance we use firm survival on the stock market as the performance indicator. Using a unique data set of all 341 firms listed on the Neuer Markt, the German...

Persistent link: https://www.econbiz.de/10005504269

Entrepreneurship Capital and Economic Performance

Audretsch, David B; Keilbach, Max - C.E.P.R. Discussion Papers - 2003

The neoclassical model of the production function, as applied by Robert Solow to build the neoclassical model of growth, linked labour and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. In this Paper we introduce a new factor,...

Persistent link: https://www.econbiz.de/10005504718

What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany

Constant, Amelie; Shachmurove, Yochanan; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004

This Paper focuses on the entrepreneurial endeavors of immigrants and natives in Germany. We pay closer attention to Turks, since they are the largest immigrant group with a strong entrepreneurial tradition; self-employed Turks in Germany represent about 70% of all Turkish entrepreneurs in the...

Persistent link: https://www.econbiz.de/10005497816

Do Locational Spillovers Pay? Empirical Evidence from German IPO Data

Audretsch, David B; Lehmann, Erik E - C.E.P.R. Discussion Papers - 2005

This study examines the impact locational spillovers have on firm performance. Based on a uniquely created dataset consisting of high-technology start-ups publicly listed in Germany, this paper tests the proposition of locational spillovers positively affecting firm performance, as measured by...

Persistent link: https://www.econbiz.de/10005497946

Entrepreneurial innovations and taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2012

Stimulating entrepreneurship is high on the policy agenda of many countries. We study the effects of tax policies on entrepreneurs’ choice of riskiness (quality) of an innovation project, and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset...

Persistent link: https://www.econbiz.de/10011083431

The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico

Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2012

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

Persistent link: https://www.econbiz.de/10011083751

Cultural diversity and entrepreneurship in England and Wales

Hardy, Daniel; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2014

British regions are becoming increasingly culturally diverse, with migration as the main driver. Does this diversity benefit local economies? This research examines the impact of cultural diversity on the entrepreneurial performance of UK regions. We focus on two largely overlooked factors, the...

Persistent link: https://www.econbiz.de/10011083888