The link between measured risk aversion and the decision to become an entrepreneur iswell established, but the link between risk preferences and entrepreneurial success is not.Standard theoretical models of occupational choice under uncertainty imply a positivecorrelation between an...

In April 2003 the U.S. Federal Energy Regulatory Commission proposed a complicated marketdesign – the Wholesale Power Market Platform (WPMP) – for common adoption byall U.S. wholesale power markets. Versions of the WPMP have been implemented in NewEngland, New York, the mid-Atlantic states,...

Based on the LEN-model KRAPP (1999, 2000) analyses for different constellations howcollusive behaviour of agents influences the principal’s welfare. We try to complement this analysisby considering additional scenarios. Furthermore, we take into account that the principal cannot ap-praise...

This paper develops an explanatory approach to the outsourcing of Human Resource (HR)functions and the resulting demand for personnel services by companies (e.g., interimmanagement, outplacement services, consulting in the field of HR management). Startingfrom the deficits of approaches that...

Using a unique longitudinal representative survey of both manufacturing and nonmanufacturingbusinesses in the United States during the 1990’s, I examine the incidenceand intensity of organizational innovation and the factors associated with investments inorganizational innovation...

Motivated by differences in New-firm survival across regions, this paper explores the impact of regional human capital on New-firm survival rates. New-firm survival is interpreted through formation rates of surviving versus closed firms in the sevice sector...

Do academic scientists bring valuable human capital to the companies they found or join? If so, what are the particular skills that compose their human capital and how are these skills related to firm performance? This paper examines these questions using a particular group of academic...

A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...