We explore whether the tendency for smaller firms to have fewer hierarchical layers explains the well-documented inverse correlation between firm size and the rate at which employees become business owners. Our analysis is based on a Swedish matched employer-employee dataset. Conditional on firm...

This article reviews the academic contributions of the 2011 receiver of the Global Award for Entrepreneurship Research, Professor Steven Klepper, Carnegie Mellon University. The Global Award consists of 100,000 Euro and a statuette of the internationally renowned Swedish sculpture Carl Milles....