The question why venture capitalists syndicate their deals has been attract-ing growing attention. The paper analyses how the motives of two types of venture capitalists do differ. Focusing on information costs it expects that venture capitalists with the standard basic know-how in founding and...

The advantage of specialisation in venture capital financing makes the presence of generalists perplexing. In order to understand their function, the authors investigate the knowledge resource bases of both generalists and specialists, the types of enterprises they select, and their...

This paper studies willingness to become an entrepreneur depending on an individual’s composition of human and social capital. Our theoretical analysis is an extension of Lazear’s (2005) jack-of-all-trades theory. Our primary implication is that it is not individuals with a higher level of...

This article analyzes the requirements that family successors must fulfill to be considered suitable successors from three perspectives. We identify the recommended attributes and exigencies of family successors in the literature, generate a general requirement profile and compare this profile...

This paper studies how an individual's composition of human and social capital affects his or her disposition to become an entrepreneur. Our theoretical analysis is an extension of Lazear's (2005) jack-of-all-trades theory in combination with the idea of bricolage of experiences and their...

To date, little is known about the effects of the composition of skills on academic entrepreneurship. Therefore, in this paper, following Lazears (2005) jack-of-all-trades approach, we study how his or her composition of skills affects a scientists intention of becoming an entrepreneur....

Da in Deutschland im Jahr 1989 letztmalig eine großzahlige, bundesweite Unternehmensbefragung zum Thema Nachfolge durchgeführt wurde, bestand Bedarf an aktuellen Daten. Deshalb hat der Stiftungslehrstuhl für allgemeine BWL, insbesondere Unternehmensnachfolge an der Universität Siegen in...

Der Beitrag besch„ftigt sich mit der Frage, inwieweit arbeitsrechtliche Regulierungen und insbesondere deren Wahrnehmung einen Einfluá auf die Grndungsneigung und damit vermutlich auf die tats„chlichen Unternehmensgrndungen ausbt. Dabei kann einerseits gezeigt werden, daá junge Unternehmen...

Venture capitalist are intermediaries with strong advantages in financing risky investments (Leland/Pyle 1977, Chan 1983, Diamond 1984; Bygrave 1988). Being specialized in one industry, venture capitalists can control risk at lower cost compared to other players in the market (e.g. banking houses)...

Based on the finding that entrepreneurs who found new firms tend to work as employees of small rather than large firms prior to start-up, we test how different working conditions, which enhance entrepreneurial learning, affect their decision to become entrepreneurs when moderated by firm size....