Similar Search Results

Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10005864516

Can Institutional Change Impact High-Technology Firm Growth?: Evidence from Germany's Neuer Markt

Elston, Julie Ann; Audretsch, David B. - Max-Planck-Institut für Ökonomik <Jena> - 2004

To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding...

Persistent link: https://www.econbiz.de/10005865223

Entrepreneurship and Innovation Policy

Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2008

What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …

Persistent link: https://www.econbiz.de/10005864511

Creating Strategic Advantage through EntrepreneurialGovernance in New Ventures

Audretsch, David B.; Lehmann, Erik; Plummer, Lawrence A. - Max-Planck-Institut für Ökonomik <Jena> - 2007

An important literature has made a fundamental link between corporate governanceand corporate strategy. According to agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005864514

Democratic Capitalism and Philanthropy in a Global Economy

Acs, Zoltán J.; Desai, Sameeksha - Max-Planck-Institut für Ökonomik <Jena> - 2007

from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship …

Persistent link: https://www.econbiz.de/10005864533

Building a Better Rat Trap : Technological Innovation, Human Capital and the Irula

Terjesen, Siri - Max-Planck-Institut für Ökonomik <Jena> - 2007

relationship between human capital and technological entrepreneurship, considering the knowledge and skills required to …

Persistent link: https://www.econbiz.de/10005864582

Innovation, strategic renewal and its effect on small firm performance

Folkeringa, Mickey; Meijaard, Joris; Stel, Adriaan J. van - Max-Planck-Institut für Ökonomik <Jena> - 2005

In this paper, we investigate the relationship between strategic renewal and the performance of smaller firms (less than 100 employees). We use a panel of micro data on about 1000 Dutch firms. The dataset contains information on aspects of strategic renewal, including process innovation and...

Persistent link: https://www.econbiz.de/10005864983

The Missing Link

Acs, Zoltán J.; Audretsch, David B.; Braunerhjelm, Pontus - Max-Planck-Institut für Ökonomik <Jena> - 2004

entrepreneurship as a mechanism that reduces the knowledge filter. .. …

Persistent link: https://www.econbiz.de/10005865018

The Effects of Experience, Ownership, and Knowledge on IPO Survival: Empirical Evidence from Germany

Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

Persistent link: https://www.econbiz.de/10005865241

Financing High-Tech Growth: The Role of Debt or Equity

Audretsch, David B.; Lehmann, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2004

Using a data set 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/10005865242