While there is an increasing interest in the literature about the relationship between profits and business growth, the empirical evidence is mixed and inconclusive. This can be explained by the difficulty of fully addressing the complex nature of this relationship. Building on resource-based...

To whom should potential new firm founders turn to for advice? This article identifies buzz as a mechanism to transfer the knowledge of who to turn to for advice. Previous work on buzz has linked it with clusters or compared local buzz with international pipelines of information. The interaction...

We test two alternative perspectives on the start-up size and subsequent growth of new firms in a heavily regulated (HR) economy and a lightly regulated (LR) economy. The first argues that, in an HR economy, there will be fewer new firms, and those that do start will be larger than those in an...

We examine prestart determinants of the demand for publicly funded external support to new ventures. We also investigate the effects of different types of such support on subsequent firm growth. Adopting resource-based and information asymmetry approaches, we argue that the entrepreneurs who ask...

The successful establishment and subsequent development of new firms have long been a source of interest for researchers. However, there is still limited evidence with regard to causes of both start-up size and firm growth in transitional contexts characterised by extreme conditions such as...

This paper argues that there have been three distinct phases of enterprise policy in the UK in the past 30 years: the 1970s saw no effective enterprise policy ('policy off'); the 1980s witnessed an attempt to increase the number of start-ups; and the 1990s saw a concentration on 'business...

There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new ventures to investigate the impact of four different types of prior entrepreneurial...

Testosterone has pronounced effects on men's physiological development and smaller, more nuanced, impacts on their economic behavior. In this study of 1199 Australian adult males, we investigate the relationship between the self-employed and their serum testosterone levels. Because prior studies...

This paper develops an occupational choice model in which entrepreneurs, who are initially uncertain about their true talent, learn from experience. As a consequence, both optimistic bias in talent beliefs and uncertainty diminish with experience. The model gives rise naturally to a...

This essay critically examines twenty-two studies designed to measure the competitiveness of cities and city-regions. We suggest that while this research may show statistical correlations between different dimensions of competitiveness, there is little in the way of causation. More...