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implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits … by inventing better goods and financiers arise to screen entrepreneurs. A novel feature of the model is that financiers … processes for screening entrepreneurs. Every existing screening process, however, becomes less effective as technology advances …
Persistent link: https://www.econbiz.de/10008528522
Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and …. This suggests that financial deepening contributed to poverty alleviation in rural areas by fostering entrepreneurship and …
Persistent link: https://www.econbiz.de/10011083926
tradition of the caste system influence entrepreneurship, suggesting a link between religion and economic behaviour. … for people to become an entrepreneur. Based on a large-scale data set of nearly ninety thousand workers in India, this …, are found to be conducive to entrepreneurship, while others, such as Hinduism, inhibit entrepreneurship. In addition, the …
Persistent link: https://www.econbiz.de/10005656369
entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981 … entrepreneurship may be an important new approach to promoting economic growth. …
Persistent link: https://www.econbiz.de/10005504210
value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance … capital-backed entrepreneurship. We also argue that dividend and capital gains taxes on mature firms have important …
Persistent link: https://www.econbiz.de/10005504248
Using a dataset 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/10005504258
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
made a plea for guidance in the era of entrepreneurship, scholars have been slow to respond. The purpose of this paper is … introduced a greater element of entrepreneurship have been rewarded with additional growth. …
Persistent link: https://www.econbiz.de/10005504288
We study how complementarities and intellectual property rights affect the management of knowledge workers. The main results relay when a firm will wish to sue workers that leave with innovative ideas, and the effects of complementary assets on wages and on worker initiative. We argue that firms...
Persistent link: https://www.econbiz.de/10005497759
entrepreneurship to allow for the possibility that entrepreneurial talents may be acquired by watching other entrepreneurs in action …Is entrepreneurial talent entirely innate or do people learn to become entrepreneurs? We extend Lucas's (1978) model of …
Persistent link: https://www.econbiz.de/10005497788