Showing 1 - 10 of 108
Foreign investors are expected to contribute to economic development through a variety of channels. However, many foreign investment operations are small, and almost insignificant in their impact on the local environment. An important indication of the potential contribution of foreign investors...
Persistent link: https://www.econbiz.de/10010262023
institutions with better incentive structures for entrepreneurs are perceived as being of higher quality by this group. We find … empirical evidence that high institutional quality increases the willingness of the self-employed to accept these institutions …
Persistent link: https://www.econbiz.de/10010266668
. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be deployed to …
Persistent link: https://www.econbiz.de/10010266685
In some classes of models, taxes at the owner level are "neutral" and have no effect on firm activity. However, this tax neutrality is sensitive to assumptions and no longer holds in more complex models. We review recent research that incorporates greater complexity in studying the link between...
Persistent link: https://www.econbiz.de/10011442485
Evasive entrepreneurs innovate by circumventing or disrupting existing formal institutional frameworks by evading them. Since such evasions rarely go unnoticed, they usually lead to responses from lawmakers and regulators. We introduce a conceptual model to illustrate and map the interdependence...
Persistent link: https://www.econbiz.de/10011442487
One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...
Persistent link: https://www.econbiz.de/10011442493
This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically...
Persistent link: https://www.econbiz.de/10010274878
This paper analyzes the role of different types of institutions, such as entrepreneurship- facilitating entry … countries measured by data from EU Statistics on Income and Living Conditions (EU-SILC). We find that institutions never … affected both occupational groups in opposite ways. Our findings indicate that labor market institutions do not play an …
Persistent link: https://www.econbiz.de/10012109747
direction of entrepreneurial activity. Four key institutions are explored more closely: property rights protection, savings … policies, taxation and the regulation of labor markets. Institutions have far-reaching effects on entrepreneurship, and they … entrepreneurship to the institutional setup it is maintained that in-depth analyses of specific institutions are required in order to …
Persistent link: https://www.econbiz.de/10010320095
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...
Persistent link: https://www.econbiz.de/10010320176