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Imperfect transmission of tacit knowledge and other barriers to entrepreneurship

Kanniainen, Vesa; Poutvaara, Panu - 2007

This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …

Persistent link: https://www.econbiz.de/10010264173

Entrepreneurship, organization capital and the evolution of the firm

Oshima, Atsushi; Ravikumar, B.; Riezman, Raymond - 2008

We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call...

Persistent link: https://www.econbiz.de/10010264321

Bankruptcy: is it enough to forgive or must we also forget?

Elul, Ronel; Gottardi, Piero - 2008

In many countries, lenders are not permitted to use information about past defaults after a specified period of time has elapsed. We model this provision and determine conditions under which it is optimal. We develop a model in which entrepreneurs must repeatedly seek external funds to finance a...

Persistent link: https://www.econbiz.de/10010264371

Self-selection and advice in venture capital finance

Keuschnigg, Christian; Nielsen, Søren Bo - 2007

level and quality of entrepreneurship and the level of effort by entrepreneurs and venture capitalists. We also provide …

Persistent link: https://www.econbiz.de/10010276036

Distribution of natural resources, entrepreneurship, and economic development : growth dynamics with two elites

Falkinger, Josef; Grossmann, Volker - 2005

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …

Persistent link: https://www.econbiz.de/10010261348

Should continued family firms face lower taxes than other estates?

Grossmann, Volker; Strulik, Holger - 2008

entrepreneurship. Here, we investigate analytically and quantitatively the trade-off between transaction costs saved and creative …

Persistent link: https://www.econbiz.de/10010264315

Identity and entrepreneurship

Falck, Oliver; Heblich, Stephan; Lüdemann, Elke - 2009

We incorporate the concept of social identity into a stylized model of occupational choice and analyze whether an individual's identity affects his or her decision to become an entrepreneur. We argue that an entrepreneurial identity results from an individual's socialization. This could be...

Persistent link: https://www.econbiz.de/10010273805

Do entrepreneurs matter?

Becker, Sascha O.; Hvide, Hans K. - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10010291523

How do judgmental overconfidence and overoptimism shape innovative activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010291552

Pension Systems (Un)Sustainability and Fiscal Constraints : A Comparative Analysis

Heer, Burkhard; Polito, Vito; Wickens, Michael - 2023

Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...

Persistent link: https://www.econbiz.de/10014347982