Showing 1 - 10 of 182
Portugal, enabling us to link companies to their owners, we show that firms owned by serial entrepreneurs (owners of multiple … to other businesses. These differences are already apparent among the very first businesses of serial entrepreneurs … entrepreneurs as an important source of such heterogeneity …
Persistent link: https://www.econbiz.de/10013213032
We study the relationship between employee satisfaction and abnormal stock returns around the world, using lists of the “Best Companies to Work For” in 14 countries. We show that employee satisfaction is associated with positive abnormal returns in countries with high labor market...
Persistent link: https://www.econbiz.de/10011083605
The paper reviews the recent evolution of leniency programs for cartels in the US and EU, surveys their theoretical economic analyses, and discusses the empirical and experimental evidence available, also looking briefly at related experiences of rewarding whistleblowers in other fields of law...
Persistent link: https://www.econbiz.de/10005662235
Can stringent labor laws be efficient? Possibly, if they provide firms with a commitment device to not punish short-run failures and thereby incentivize the pursuit of value-maximizing innovative activities. In this paper, we provide empirical evidence that strong labor laws indeed appear to...
Persistent link: https://www.econbiz.de/10004980205
Using confidential microdata from the U.S. Census Bureau, we investigate the performance of Asian-owned businesses. Using regression estimates and a special nonlinear decomposition technique, we explore the role that class resources, such as financial capital and human capital, play in...
Persistent link: https://www.econbiz.de/10004977284
populations. First, more that demonstrating the importance of cultural diversity for entrepreneurship, we show that the type of …
Persistent link: https://www.econbiz.de/10011083888
between FDI and entrepreneurship; positive spillovers via dissemination of technology or negative because of crowding out. Our … entrepreneurship in aggregate and intra-industry to be negative. Policies need to consider how to counteract this effect. …
Persistent link: https://www.econbiz.de/10011084197
point increase in entrepreneurship, equivalent to a 4% increase in the number of entrepreneurs. New entrants were more …We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using … benefit from the reform. Our results provide evidence that credit constraints do affect entrepreneurship, but that the overall …
Persistent link: https://www.econbiz.de/10011084236
entrepreneurship, depending on entrepreneurial ability. The effect of market size on the equilibrium share of entrepreneurs crucially … Arrow-Pratt index of relative risk aversion. We show that the share of entrepreneurs, and the cutoff for self-selection into … entrepreneurship, can increase or decrease with market size. The properties of the underlying ability distribution largely determine …
Persistent link: https://www.econbiz.de/10011084591
business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started …
Persistent link: https://www.econbiz.de/10011145401