Bereits Schumpeter (1934, 1942) beschreibt, wie technologischer Fortschritt die neuartige und wertschaffende Kombination von Ressourcen ermöglicht. Das dadurch entstehende Ungleichgewicht im Markt ermöglicht es Unternehmern, diese „Chancen“ zu verfolgen und neue Technologien in...

Recent theoretical work has suggested “entrepreneurial capabilities” themselves may provide the resource foundations to deliver competitive advantage for entrepreneurial firms. This paper empirically examines how start-ups use such entrepreneurial capabilities to build competitive advantage....

Around 237,000 new firms have been founded in Germany each year during the last decade. Investigating start-up conditions and start-up success is an important concern of economic research, since the establishment of new firms is seen as a major driver of economic growth. New firms speed up...

Amidst attempts to recover from one of the worst recessions since the Great Depression, economists continue to analyze the role of entrepreneurship within the United States economy. While many economists focus on the availability and characteristics of individual entrepreneurs, other scholars...

In this paper we use a survey of 281 Czech, Hungarian and Polish newly established small private firms in order to shed some light on the constrains these firms face in the credit market. The results of our survey show that imperfections in capital markets in Central European economies do not...

In 2005, Portugal introduced a business registration reform - the On the Spot Firm program - with the goal of promoting the establishment of new start-ups and, ultimately, stimulating investment and economic growth. However, the question remains as to whether this policy has successfully...

This paper highlights the importance of product differentiation and endogenous R&D in determining the optimal R&D policy, in a model where investment in cost reducing R&D is committed before firms compete in a differentiated-goods third-country export market. R&D is always taxed in oligopolies...