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  1. Immigrant entrepreneurs and innovation in the U.S. high-tech sector
    Author: Brown, J. David; Earle, John S.; Kim, Mee Jung; Lee, Kyung Min
    Published: February 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics... more

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    We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as well as for recent start-ups and for every level of the entrepreneur's education. The size of the estimated immigrant-native differences in product and process innovation activities rises with detailed controls for demographic and human capital characteristics but falls for R&D and patenting. Controlling for finance, motivations, and industry reduces all coefficients, but for most measures and specifications immigrants are estimated to have a sizable advantage in innovation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/196688
    Series: Discussion paper series / IZA ; no. 12190
    Subjects: Einwanderung; Arbeitsmigranten; Unternehmensgründung; Unternehmer; Hochtechnologie; Innovation; Patent; USA; immigration; entrepreneur; innovation; high-tech; patent
    Scope: 1 Online-Ressource (circa 36 Seiten)
  2. To be or not to be
    the entrepreneur in neo-Schumpeterian growth theory
    Author: Henrekson, Magnus; Johansson, Dan; Karlsson, Johan
    Published: September 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and... more

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    Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter (1942). The literature leans heavily towards Schumpeter (1942); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/265826
    Series: Discussion paper series / IZA ; no. 15605
    Subjects: creative destruction; economic growth; entrepreneur; innovation; judgment; Knightian uncertainty
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  3. To be or not to be
    the entrepreneur in neo-Schumpeterian growth theory
    Author: Henrekson, Magnus; Johansson, Dan; Karlsson, Johan
    Published: October 1, 2022
    Publisher:  Research Institute of Industrial Economics, Stockholm, Sweden

    Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neoSchumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and... more

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    Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neoSchumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter (1942). The literature leans heavily towards Schumpeter (1942); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/269194
    Series: IFN working paper ; no. 1441 (2022)
    Subjects: creative destruction; economic growth; entrepreneur; innovation; judgment; Knightian uncertainty
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  4. Evaluation of support services for would-be entrepreneurs and newly established businesses
    specific contract No. EASME/COSME/2018/017 : final report
    Published: May 2019
    Publisher:  Publications Office of the European Union, Luxembourg

    For over 20 years promoting entrepreneurship and encouraging new enterprises has been one of the priorities of the European Union and its Member States and a variety of measures have been put in place to support would-be entrepreneurs and newly... more

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    For over 20 years promoting entrepreneurship and encouraging new enterprises has been one of the priorities of the European Union and its Member States and a variety of measures have been put in place to support would-be entrepreneurs and newly established businesses. As well as creating the right regulatory and administrative environment for new businesses, providing appropriate support has always been part of the picture. The European Charter for Small Enterprises, adopted in June 2000, called for the 'promotion of top-class small business support' and the following year the Commission published a Working Paper on 'Creating Top-Class Business Support Services' (EC 2001). With the Small Business Act of 2008 (EC 2008) and its Revision in 2011 (EC 2011), action was taken in a range of areas at both EU and national level - from promoting awareness of entrepreneurship to access to finance and mentoring for women and young people. The Entrepreneurship 2020 Action Plan in 2013 (EC 2013a) provided a new framework, emphasising entrepreneurial education and training to support growth and business creation and supporting new enterprises. The time has now come to take stock of all these developments and establish an overview of the current state of business support provision for entrepreneurs and new businesses, while at the same time taking into account the significant drivers that are bringing change to the support environment. The review of the European SME-Action Programme by the SME Envoys Network in 2017, for instance, points to an increased emphasis on the theme of SME growth and scaling-up and the significance of effective entrepreneurial ecosystems for these processes. Similarly, the Commission's Start-up and Scale-up Initiative (EC 2016 b) emphasises the significance of high-growth firms for innovation, competitiveness and employment and the importance of improving the ecosystem for start-ups and scale-ups. These changes present a challenge for the agencies and professionals providing support services, so as well as providing a review of support services for enterprises at the beginning of their development across 42 different countries, this report, h highlights developments and particular services that are likely to be of interest to the professional staff and policy developers, with a view to encouraging support professionals and those designing and implementing support policy measures to reflect on their own practice and, if appropriate, to consider how their own provision could be strengthened or improved. The report enables them to do this in the light of developments in support provision taking place elsewhere and highlights specific examples of best practice. Self-assessment tools are also available that allow support providers to compare their own services with those of others that have been examined.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292025175
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    Subjects: Unternehmensgründung; Gründungsförderung; KMU; EU-Politik; Bewertung; EU-Staaten; entrepreneur; aid to undertakings; incorporation; business start-up; EU Member State; report
    Scope: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  5. Home equity lending, credit constraints and small business in the US
    Author: Lastrapes, William Dean; Schmutte, Ian; Watson, Thor
    Published: October, 2020
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 20, 32 (October, 2020)
    Subjects: natural experiment; Texas; entrepreneur; difference-in-differences
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  6. Confidence is good, too much, not so much
    exploring the effects on reward-based crowdfunding success
    Author: Moy, Naomi; Chan, Ho Fai; Mathmann, Frank; Schaffner, Markus; Torgler, Benno
    Published: [2021]
    Publisher:  CREMA, Zürich

    Self-confidence has long been regarded as one of the key qualities in determining entrepreneurial success. In markets with uncertainty, like crowdfunding, entrepreneurial confidence is an important signal that lowers the information imbalance for... more

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    Self-confidence has long been regarded as one of the key qualities in determining entrepreneurial success. In markets with uncertainty, like crowdfunding, entrepreneurial confidence is an important signal that lowers the information imbalance for potential investors. However, current literature on confidence is limited in three ways; first is the limited understanding of confidence in interpersonal interactions; second is the accurate measurement of confidence and thirdly, limited insight on whether an optimal level of confidence exists. We use two novel behavioral approaches to measure self and exhibited confidence and examine their relation to entrepreneurial success in reward-based crowdfunding. Derived from ex-ante information (i.e., before realization of success), our measurements for confidence allow us to draw causal inferences, allowing for contributions to confidence and displays of interpersonal emotion literature. By analyzing over 70,000 Kickstarter projects, we show an optimal level of entrepreneurial confidence exists in determining funding received, popularity, and likelihood of success.

     
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    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/234633
    Series: Working paper / CREMA, Center for Research in Economics, Management and the Arts ; no. 2021, 18
    Subjects: Behavioral; crowdfunding; entrepreneur; exhibiting confidence; interpersonal confidence; success
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  7. To be or not to be
    the entrepreneur in endogenous growth theory
    Author: Henrekson, Magnus; Johansson, Dan; Karlsson, Johan
    Published: [2021]
    Publisher:  Örebro University School of Business, Örebro, Sweden

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2021, 3
    Subjects: creative destruction; economic growth; entrepreneur; innovation; judgment; bibliometric analysis; Knightian uncertainty
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  8. Wealth inequality, uninsurable entrepreneurial risk and firms markup
    Author: Brien, Samuel
    Published: [2021]
    Publisher:  [Department of Economics, Queen's University], [Kingston, Ontario, Canada]

    This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth... more

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    This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or able) to bear the risk of entrepreneurial activities. This has implications for firm entry, competitiveness, and market power. I calibrate a Schumpeterian model of endogenous growth with heterogeneous risk averse entrepreneurs competing to catch up with firms. This model is unique in that both household wealth distribution and a measure of firm markup are endogenously determined on a balanced growth path. I find that a spread in the wealth distribution decreases entrepreneurial firm creation, resulting in greater aggregate firm market power. This result is supported by time series evidence obtained from the estimation of a structural panel VAR with OECD data from eight countries.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260482
    Series: [Queen's Economics Department working paper] ; [no. 1476]
    Subjects: Wealth inequality; market power; growth; Schumpeterian; endogenous growth; entrepreneur
    Scope: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  9. "Übergewinne" und Erklärungen des Gewinns im Kapitalismus - Ökonomie im Resonanzraum I
    Author: Hübscher, Marc C.
    Published: 2023
    Publisher:  Lehrstuhl für Wirtschaftsethik an der Martin-Luther-Universität Halle-Wittenberg, Halle

    Dieser Beitrag beschäftigt sich mit Unternehmensgewinnen und ihrer theoretischen Erklärung. Ausgehend von dem üblichen Gewinnverständnis, wie wir es aus dem Shareholder-Kapitalismus kennen, wird einerseits gefragt, wie in der Politischen Ökonomie der... more

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    Dieser Beitrag beschäftigt sich mit Unternehmensgewinnen und ihrer theoretischen Erklärung. Ausgehend von dem üblichen Gewinnverständnis, wie wir es aus dem Shareholder-Kapitalismus kennen, wird einerseits gefragt, wie in der Politischen Ökonomie der Gewinn erklärt und behandelt wird, um daraus eine Arbeitsdefinition der Gewinnkomponenten abzuleiten. Andererseits wird darauf basierend die Distribution von Gewinnen diskutiert und behauptet, dass der Gewinn zunächst einmal der Unternehmung selbst zusteht. The paper deals with the profit of the firm and its theoretical explanations. Starting with the usual understanding of profit in the shareholder capitalism, on the one hand we investigate how the profit can be understood from the view of political economy. Based on these results we introduce a working definition for profit and its components. On the other hand we discuss the distribution of wealth stating that the profits are attributable to the firm in its own rights.

     
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    Source: Union catalogues
    Language: German
    Media type: Ebook
    Format: Online
    ISBN: 9783966702034
    Other identifier:
    hdl: 10419/283570
    Series: Diskussionspapier des Lehrstuhls für Wirtschaftsethik an der Martin-Luther-Universität Halle-Wittenberg ; 2023, Nr. 14
    Subjects: Gewinn; Zins; Wertschöpfung; Kooperationsrente; Politische Ökonomie; Distribution; Unternehmung; Unternehmer; Profit; interest; value creation; cooperation rent; political economy; distribution; firm; entrepreneur
    Scope: 1 Online-Ressource (III, 31 Seiten, 0,35 MB)
  10. Theoretische Grundlagen demokratischer Wirtschafts- und Gesellschaftspolitik
    der Beitrag von William Baumol
    Author: Pies, Ingo
    Published: 2010
    Publisher:  Martin-Luther-Univ. Halle-Wittenberg, Lehrstuhl für Wirtschaftsethik, Halle

    Dieser Aufsatz untersucht die wirtschafts- und unternehmensethischen Arbeiten von William Baumol und rekonstruiert seine ökonomische Erklärung für die spektakulären Wachstumserfolge westlicher Marktwirtschaften. This article analyzes William Baumol's... more

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    Dieser Aufsatz untersucht die wirtschafts- und unternehmensethischen Arbeiten von William Baumol und rekonstruiert seine ökonomische Erklärung für die spektakulären Wachstumserfolge westlicher Marktwirtschaften. This article analyzes William Baumol's contributions to economics ethics and to business ethics. Furthermore, it reconstructs his economic explanation of the spectacular growth success experienced in Western market societies.

     
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    Source: Union catalogues
    Language: German
    Media type: Ebook
    Format: Online
    ISBN: 9783868293135
    Other identifier:
    hdl: 10419/170336
    Series: Diskussionspapier des Lehrstuhls für Wirtschaftsethik an der Martin-Luther-Universität Halle-Wittenberg ; Nr. 2010, 7
    Subjects: Ökonomische Ideengeschichte; Sozialismus; Liberalismus; Ethik; Konstruktivismus; Theorie; Wirtschaftsethik; Unternehmensethik; Unternehmer; Innovation; Wachstum; Kostenkrankheit; Umweltpolitik; Voluntarismus; economic ethics; business ethics; entrepreneur; innovation; growth; cost disease; environmental policy; voluntarism
    Other subjects: Von Mises, Ludwig (1881-1973)
    Scope: Online-Ressource (PDF-Datei: III, 34 S., 0,22 MB)
  11. Johann Baptist Cramer und die Welt der Pianistes Compositeurs
    Rekonstruktionen einer versunkenen Kultur
    Contributor: Diergarten, Felix (Herausgeber)
    Published: 2023
    Publisher:  Georg Olms, Baden-Baden

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    Contributor: Diergarten, Felix (Herausgeber)
    Language: German
    Media type: Conference proceedings
    Format: Online
    ISBN: 9783487423685
    Other identifier:
    9783487423685
    Edition: 1. Auflage
    Corporations / Congresses: Johann Baptist Cramer (1771-1858) und die Welt der "pianistes compositeurs". Rekonstruktionen einer versunkenen Kultur (2021, Bad Krozingen)
    Series: Schriften der Hochschule für Musik Freiburg ; 12
    Subjects: Pianist; Komponist; Klavierspiel; Musikalische Aufführungspraxis
    Other subjects: Cramer, Johann Baptist (1771-1858); (Produktform)Electronic book text; (BISAC Subject Heading)MUS000000; (BISAC Subject Heading)MUS020000: MUSIC / History & Criticism; (BISAC Subject Heading)BIO004000: BIOGRAPHY & AUTOBIOGRAPHY / Music; (BISAC Subject Heading)HIS056000: HISTORY / African American & Black; 19. Jahrhundert;Ästhetik;Musikwissenschaft;Musicology;Musik;18. Jahrhundert;Lehrer;Entrepreneur;Unternehmer;music;aesthetics;19th century;Musikgeschichte;Music History;Verlagswesen;Komponist;18th century;Populärkultur;Pianist;popular culture;teacher;publishing;Kurpfalz;Kanonbildung;Canon formation;composer;Aufführungspraktiken;Fingertechnik;Electoral Palatinate;Improvisationpraktiken;Johann Baptist Cramer;finger technique;improvisational practices;Klavierbau;Klavieretüden;musical family;performance practices;Musikerfamilie;piano etudes;piano manufacturing;Pianistes Compositeurs; (VLB-WN)9590: Musik; (BISAC Subject Heading)MUS000000: MUSIC / General; 18. Jahrhundert; 18th century; 19th century; 19. Jahrhundert; Ästhetik; aesthetics; canon formation; Aufführungspraktiken; Fingertechnik; composer; Electoral Palatinate; Improvisationpraktiken; Johann Baptist Cramer; entrepreneur; finger technique; Kanonbildung; improvisational practices; Klavierbau; music; Klavieretüden; Komponist; music history; Kurpfalz; musical family; musicology; Lehrer; performance practices; Musik; pianist; Musikerfamilie; Musikgeschichte; piano etudes; Musikwissenschaft; piano manufacturing; popular culture; publishing; Pianistes Compositeurs; Populärkultur; teacher; Unternehmer; Verlagswesen; (Produktrabattgruppe)N3: N3-Rabatt
    Scope: Online-Ressource, 262 Seiten
  12. Hingucker-Bewerbungen für die Jobsuche in schwierigen Fällen
    Bewerben 45 plus - Anschreiben & Vorlagen, Verkaufen per Lebenslauf, mit Motivation im Bewerbungsgespräch gewinnen
    Author: Janson, Simone
    Published: 2020
    Publisher:  Best of HR - Berufebilder.de®, Düsseldorf ; Best of HR – Berufebilder.de®

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    Contributor: Janson, Simone (Herausgeber)
    Language: German
    Media type: Ebook
    Format: Online
    ISBN: 9783965962422
    Other identifier:
    Edition: 1. Auflage, digitale Originalausgabe
    Other subjects: (Produktform)Electronic book text; (VLB-WN)9784: Wirtschaft / Management; (VLB-WN)9772: Recht / Bürgerliches Recht, Zivilprozessrecht; (VLB-WN)9783: Wirtschaft / Betriebswirtschaft; (VLB-WN)9782: Wirtschaft / Volkswirtschaft; (VLB-WN)9776: Recht / Steuern; (VLB-WN)9773: Recht / Öffentliches Recht, Verwaltungsrecht, Verfassungsprozessrecht; (VLB-WN)9787: Wirtschaft / Internationale Wirtschaft; (VLB-WN)9770: Recht; (VLB-WN)9577: Pädagogik / Erwachsenenbildung; (VLB-WN)9572: Pädagogik / Bildungswesen; (VLB-WN)9739; (VLB-WN)9745; (VLB-WN)9780; (VLB-WN)9730; (VLB-WN)9740; (VLB-WN)9890; Branding; Management; entrepreneur; Provider; employee; organization; employment; recruitment; companies; Recruiting; Anschreiben; Unternehmenskultur; Bewerberauswahl; Personalabteilung; Bewerbungsanschreiben; Selbstpräsentation; Personalführung; Trainee; Vorstellungsgespräch; Jobinterview; Assessment Center; Bewerber; Unternehmen; Human Resources; Mitarbeiter; Vorstellungsgespräche; Personalmanagement; Kompetenzprofil; Führungskräfte; Fachkräftemangel; bewerben; Bewerbungsratgeber; Arbeitgeber; Arbeitnehmer; Organisation; Business; Karriere; Lebenslauf; Berater; Gesprächspartner; Manager; Betriebswirtschaftslehre; Eignung; Vertrieb; Personal; Berufserfahrung; Gesprächssituationen; Karriereplanung; Rhetorik; Selbstdarstellung; Selbstmanagement; Selbstmotivation; Verkaufsgespräch; Verkaufssituation; (VLB-WN)9775
    Scope: Online-Ressource, 100 Seiten
  13. Youth in Greece
    Author: Dēmētriadēs, Stavroula
    Published: 2018
    Publisher:  Publications Office of the European Union, Luxembourg

    The purpose of this short report is to provide a synthesis of Eurofound data and analysis regarding the situation of young people in Greece for the Greek government. The report was requested by Deputy Prime Minister Yiannis Dragaskakis, through... more

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    The purpose of this short report is to provide a synthesis of Eurofound data and analysis regarding the situation of young people in Greece for the Greek government. The report was requested by Deputy Prime Minister Yiannis Dragaskakis, through contacts with Eurofound, with a view to assisting policymaking based on evidence. On 8 March 2017, the government initiated an 'integrated strategy for youth', the implementation of which requires data and evidence from Greek and other international sources, such as Eurofound, on the subject matter. The recent economic crisis has exacerbated the problem of youth integration in the labour market in the EU and Greece has been disproportionately affected. While youth unemployment in the country has long been part of the policy debate, conditions today are very different to those prior to the crisis. The economic crisis, socioeconomic developments, globalisation, and the pervasive effect of information technology and digitalisation have all changed labour market characteristics. Young people's transitions to adulthood and the labour market follow different trajectories and have become more complex. Governments and social partners in the EU rightly set targets to reduce the number of young people 'not in employment, education or training' (NEET), through initiatives such as the Youth Guarantee.1 However, the heterogeneity of the NEET population must be taken into account when designing measures. Effective intervention can only be designed if the NEET population has been disaggregated to identify the distinct characteristics and needs of the component subgroups, each of which is likely to have different welfare, training and activation needs. The report is organised as follows: Chapter 1 presents a clarification of the NEET concept and the disaggregation of the NEET population. Chapter 2 provides a snapshot of the situation of young people in Greece while Chapter 3 compares the situation/characteristics of NEETs in Greece with that of other EU Member States. Chapter 4 deals with the transitions of young people and youth entrepreneurship, and the final chapter - Chapter 5 - some conclusions.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289716352
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    Series: Ad hoc report
    Subjects: Jugendliche; Soziale Lage; Junge Arbeitskräfte; Griechenland; youth employment; entrepreneur; young person; young worker; fight against unemployment; entrepreneurship; aid to undertakings; Greece; report
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  14. Immigrant entrepreneurs, diasporas and exports
    Author: Bratti, Massimiliano; De Benedictis, Luca; Santoni, Gianluca
    Published: 2018
    Publisher:  Publications Office of the European Union, Luxembourg

    In this paper we highlight a new complementary channel to the business and social network effect à la Rauch (2001) through which immigrants generate increased export flows from the regions in which they settle to their countries of origin: they can... more

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    In this paper we highlight a new complementary channel to the business and social network effect à la Rauch (2001) through which immigrants generate increased export flows from the regions in which they settle to their countries of origin: they can become entrepreneurs. Using very small-scale (NUTS-3) administrative data on immigrants' location in Italy, the local presence of immigrant entrepreneurs (i.e. firms owned by foreign-born entrepreneurs) in the manufacturing sector, and on trade flows in manufacturing between Italian provinces and more than 200 foreign countries, we assess the causal relationship going from diasporas and immigrant entrepreneurs towards export flows. Both the size of the diaspora and the number of immigrant entrepreneurs have a positive, significant and economically meaningful effect on exports. We find that increasing the stock of (non- entrepreneur) immigrants by 10% would lead to a 1.7% increase in exports in manufacturing towards immigrants' countries of origin, while increasing the number of immigrant entrepreneurs in manufacturing by 10% would raise exports by about 0.6%. We also show that, besides these bilateral effects, the population of immigrant entrepreneurs raises a province's overall competitiveness and export flows towards all potential destinations.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789279777400
    Other identifier:
    hdl: 10419/202293
    Series: JRC working papers on economics and finance ; 2018, 1
    Subjects: entrepreneur; immigration; export; diaspora; economic consequence; Italy; research report; Exports; immigrants; gravity model; immigrant entrepreneurs; Italy
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  15. Luck and entrepreneurial success
    Author: Liechti, Diego; Loderer, Claudio; Peyer, Urs C.
    Published: 2014
    Publisher:  Swiss Finance Inst., Genève

    How much of entrepreneurial performance is sheer luck compared to talent, experience, education, and hard work? We define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last in... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    How much of entrepreneurial performance is sheer luck compared to talent, experience, education, and hard work? We define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last in importance among various success factors and accounts for less than one third of performance variation. This ranking is unaffected by past performance and many personality traits, including self-attribution and illusion of control. Luck matters, however, in activities such as finding the appropriate business idea or choosing the right moment to enter a market. More important, luck perceptions shape decisions. For example, individuals who believe luck is important are reluctant to become entrepreneurs. Consistent with the definition, what entrepreneurs believe is luck correlates with the unexplained variation in a standard econometric model of performance. Estimates of that model also show that hard work does affect performance. So do talent, education, and, especially, experience

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Research paper series / Swiss Finance Institute ; 14,51
    Swiss Finance Institute Research Paper ; No. 14-51
    Subjects: luck; start-ups; entrepreneur; factors of success; performance
    Scope: Online-Ressource (59 S.), graph. Darst.
  16. Separation of ownership and control
    delegation as a commitment device
    Author: Boukouras, Aristotelis
    Published: 2011
    Publisher:  Courant Research Centre, Göttingen

    This paper provides a theoretical model for explaining the separation of ownership and control in firms. An entrepreneur hires a worker, whose effort is necessary for running a project. The worker's effort determines the probability that the project... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper provides a theoretical model for explaining the separation of ownership and control in firms. An entrepreneur hires a worker, whose effort is necessary for running a project. The worker's effort determines the probability that the project will be completed on time, but the worker receives some unobservable benefit by continuing his employment in the project. Thus, motivating the worker requires an efficiency wage which is inflated by the private benefit. The entrepreneur would pay out a smaller wage if he could commit to terminate the project if a delay occurs, but this threat is not credible, because the project has positive continuation value. We show that hiring a manager can solve this time-inconsistency issue and reduce the efficiency wage. We extend the model to include managerial moral hazard and we examine the conditions under which separation of ownership and control is more likely to happen. The model is consistent with many of the findings of the empirical literature, while it generates some new predictions too.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/90578
    Series: Discussion papers / Courant Research Centre ; 79
    Subjects: control structure; delegation; efficiency wage; entrepreneur; managerial contract; moral hazard; organizational hierarchy; private benefits; separation of owner-ship and control; time-inconsistency
    Scope: Online-Ressource (26 S.)