This paper shows the advantages of staged investments for venture capitalists.

We provide, for the first time, comparative evidence of the impact of various types of extremeevents – natural disasters, terrorism, and violent conflicts – on the perceptions ofentrepreneurs concerning some key entrepreneurial issues – such as fear of failure instarting a business...

Die Gründungsförderung der Bundesagentur für Arbeit ist im Rahmen der aktivenArbeitsmarktpolitik im Rechtskreis SGB III nach wie vor eines der bedeutsamstenInstrumente. Zum 1. August 2006 löste der Gründungszuschuss (§ 57 SGB III) seine beidenVorgänger, das Überbrückungsgeld und den...

Fostering and supporting start-up businesses by unemployed persons has become anincreasingly important issue in many European countries. These new ventures are beingsupported by various governmental programs. Potential benefits include not only the end ofunemployment for the new entrepreneur but...

Existing literature suggests that entrepreneurs with prior firm-founding experience have moreskills and social connections than novice entrepreneurs. Such skills and social connectionscould give experienced founders some advantage in the process of raising venture capital.This paper uses a large...

We investigate the impact of new business formation on regional employment. The main effects occur after a considerable time lag. Obviously, a large part of the effect is not due to job creation by the newcomers but rather is of indirect nature. This implies that a large part of the debate about...