Despite their presence in modern entrepreneurship theories, empirical investigations of opportunity types are scarce. We develop a 5-dimensional bipolar scale to measure the extent in which opportunities are Schumpeterian or Kirznerian. Drawing on this measure, we examine the shape of the...

The aim of this paper is to understand what economic mechanisms may cause the Law of Proportionate Effect to break down for fast-growing and shrinking firms. Recent evidence has highlighted that the first-order coefficients of quantile auto-regression of firm size decline across quantiles. Our...