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penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10005016265
This study presents a dynamic model for the private equity market in which information revelation and uncertainty rationally explain the cyclical pattern of investment flows into private equity. The net benefit of private equity over public equity is i) uncertain and ii) agents have private...
Persistent link: https://www.econbiz.de/10005209472
We analyze a publicly-traded firm's decision to stay public or go private when managerial autonomy from shareholder intervention affects the supply of productive inputs by management. We show that both the advantage and the disadvantage of public ownership relative to private ownership lie in...
Persistent link: https://www.econbiz.de/10005450778
We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors …
Persistent link: https://www.econbiz.de/10005144470
intentions. However, empirical research aimed at establishing the importance of role models for (nascent) entrepreneurs is scarce … completed by a representative sample of 292 entrepreneurs in three major Dutch cities - entrepreneurs who have recently started …
Persistent link: https://www.econbiz.de/10008921780
through these stages. Data are used from the 2007 “Flash Eurobarometer Survey on Entrepreneurship”, covering 27 European …
Persistent link: https://www.econbiz.de/10004987445
Parker and Van Praag (2009) showed, based on theory, that the group status of the profession ‘entrepreneurship’ shapes … consequences of the group status of a profession, entrepreneurship in particular. If the group status of entrepreneurship is … be expected and respect. Furthermore, our results imply that entrepreneurship is associated with hard work, high incomes …
Persistent link: https://www.econbiz.de/10005036246
entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second … observation is that entrepreneurs enjoy higher returns to human capital than employees. We present an intuitive model showing that … for higher returns to human capital for entrepreneurs. …
Persistent link: https://www.econbiz.de/10004964455
contradicts existing theoretical hypotheses which predict that entrepreneurship is pro-cyclical or not cyclical. We discuss …
Persistent link: https://www.econbiz.de/10004964461
models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present … paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship … while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of …
Persistent link: https://www.econbiz.de/10005016255