The start-up team plays a key role in venture capitalists’ evaluations of venture proposals. Ourfindings go beyond existing research, first by providing a detailed exploration of VCs’ team evaluationcriteria, and second by investigating the moderator variable of VC experience. Our results...

This paper extends recent research studying biases in venture capitalist’s decision-making. Wecontribute to this literature by analyzing biases arising from similarity between a venture capitalist andmembers of a venture team. We summarize the psychological foundations of such similarity...

Aus der internationalen wirtschaftspolitischen Diskussion und damit auch aus der wirtschaftspolitischen Diskussion Deutschlands ist das Thema Unternehmensgründung1 mittlerweile nicht mehr wegzudenken. Die große Bedeutung, die Unternehmensgründungen für eine Volkswirt-schaft zugeschrieben...

Nur etwa ein Drittel der Ausgründungen aus der Wissenschaft nutzen explizite Forschungsergebnisse. Der weit überwiegende Teil nutzt allgemeine Kenntnisse für die Gründung. Dies ist ein Phänomen, das bisher in der Literatur und in der Praxis kaum beachtet wurde. Der Artikel nähert sich dem...

This paper investigates entrepreneurship of migrants and their location choice in attempt to draw connections between migration and economic development, especially the role of business formation in rural development. Rural entrepreneurship is firstly attempted to be better understood form...

Based on representative data, the German Micro-Census, we provide an overview of thedevelopment of self-employment and entrepreneurship in Germany between 1991 and 2010,the first two decades after reunification. We investigate the socioeconomic background ofthese individuals, their education,...

Drivers of entrepreneurial entry are investigated in this study by examining how entry intosmall-business ownership is shaped by industry-specific constraints. The human- andfinancial-capital endowments of potential entrepreneurs entering firms in various industriesare shown to differ...

The notion of social entrepreneurship has gained increasing recognition in thelast years, both as an increasingly visible mode of economic action, and as animportant policy tool. The paper outlines a typology that departs from aSchumpeterian view of entrepreneurship, that centers on the creation...

In our analysis of the impact of new firm formation on regional employment change we identified considerable time lags.We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on regional...