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on Entrepreneurship |
| By: | Becker, Sascha O. (CAGE @ Warwick University ; CEPR ; CESifo ; Ifo and IZA); Hvide, Hans K. (University of Bergen ; CEPR and University of Aberdeen) |
| Abstract: | In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and sustained effects of en- trepreneurs at all levels of the performance distribution. Entrepreneurs strongly affect firm growth patterns of both very young firms and for firms that have begun to mature. We do not find signficant differences between small and larger firms, family and non-family firms, nor between firms located in urban and rural areas, but we do find stronger effects for founders with high human capital. Overall, the results suggest that an often overlooked factor – individual entrepreneurs – plays a large role in affecting firm performance. Key words: entrepreneurship ; firm performance ; human capital. JEL classification: D21 ; D24 ; J23 ; L11 ; L25 ; G39 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:wrk:warwec:1002&r=ent |
| By: | Mathilde Aubry (EM Normandie, Métis Research Department, France); Jean Bonnet (University of Caen Basse-Normandie - CREM UMR CNRS 6211, France); Patricia Renou-Maissant (University of Caen Basse-Normandie - CREM UMR CNRS 6211, France) |
| Abstract: | We study the influences of new firms startups on growth in regional and macroeconomic dimensions in France using a quarterly data basis over the 1993-2011 period. We find that fluctuations in GDP are an early indicator of new firm startups. Nevertheless the most important relationships are found between unemployment rate and new firms startups. Entrepreneurship is mainly driven by necessity motives that have consequences upon potential of growth of new firms startups in most of the French regions. |
| Keywords: | New firm formation, Business cycle, Schumpeter effect, «refugee» effect, panel data |
| JEL: | L26 E32 R11 |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:tut:cremwp:201304&r=ent |
| By: | Holger Herz; Daniel Schunk; Christian Zehnder |
| Abstract: | Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation. Our results indicate that future research is well advised to take into account that the relationship between innovation and overconfidence may crucially depend on what type of overconfidence is most prevalent in a particular context. |
| Keywords: | Innovation, entrepreneurship, overconfidence, experiment |
| JEL: | C92 D83 D23 |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:zur:econwp:106&r=ent |
| By: | Petra Gibcus; Erik Stam |
| Abstract: | The early growth of firms is a dynamic process that is difficult to manage and to analyse. Accordingly methodological difficulties have been identified in many studies. This paper uses systematic cohort and longitudinal methodologies to analyse the relationship between dynamic capabilities and new firm growth. Using a panel study of 647 firms, we examine how new firm growth is related to dynamic capabilities. We found no evidence of any effect of dynamic capabilities on the growth of new firms. A longitudinal analysis of the data reveals that especially firm investments over time drive subsequent firm growth, next to growth intentions. |
| Date: | 2012–12–28 |
| URL: | http://d.repec.org/n?u=RePEc:eim:papers:h201219&r=ent |
| By: | Sean Patrick Sassmannshausen (Schumpeter School of Business and Economics, University of Wuppertal); Christine Volkmann (Schumpeter School of Business and Economics, University of Wuppertal) |
| Abstract: | This paper provides an overview on the state of art of research on social entrepreneurship and the establishment of this topic in the academic world. It uses scientometric methods, especially bibliometrics, in measuring the maturity of social entrepreneurship research. The empirical part reveals the increasing number of literature, the institutionalization of social entrepreneurship in seven dimensions, the emergence of thematic clusters, and methodological issue. The paper makes concrete suggestions on how to overcome methodological challenges at the boarder of advanced qualitative and early quantitative research designs. Using Harzing’s “Publish or Perish” software this article furthermore provides a ranking of the 20 most cited academic contributions in social entrepreneurship. Surprisingly, almost half of the most cited papers have not been published in journals but in books, rising doubts on the (over-)rating of journal publications. |
| Keywords: | Social entrepreneurship, bibliometric study, citations, review, organizational establishment, academic institutionalization, development of empirical measurement scales |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:bwu:schdps:sdp13002&r=ent |
| By: | Torben Klarl (University of Augsburg, Department of Economics) |
| Abstract: | In the recent last years, in particular in the aftermath of the global financial and economic crisis, many countries initiated economic recovery plans with a major focus on stimulating green entrepreneurial activities to revive economic growth. Further, the recovery plans intend to improve a country's awareness for a direct orientation towards (strong) sustainability and green growth. Before discussing strategies towards green growth, in this paper we propose a novel framework to increase our understanding of the interplay of process R&D activities, the strategic price and environmental quality setting of heterogeneous entrepreneurs in a market where consumers feel up to paying for environmental quality improvement of a vertically differentiated good. In the paper we decompose an entrepreneur's incentive conducting process R&D in four parts. In particular we show that an entrepreneur's incentive of conducting own process R&D is reduced due to the existence of knowledge-spillovers. Moreover, due to the strategic complementarities, both in prices as well as in environmental quality, a strategic effect reinforces the negative consequences of the spillover-effect. We show that the externalities in the model require corrections based upon a mixture of fiscal policies and a process R&D subvention scheme establishing a first-best solution. We further thoroughly discuss the implementation of a second-best solution and derive environmental policy implications. |
| Keywords: | Technological change, Process R&D, Green consumerism, Vertical differentiation, Emission tax, Environmental quality, Environmental policy |
| JEL: | Q55 Q58 O31 O33 D43 L13 L15 |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:aug:augsbe:0321&r=ent |