entrepreneurship

Microdata are used to produce more complete self-employment figures and to follow trends in self-employed business owner demographics. This study finds that self-employment numbers have grown slow and steadily since the late 1970s.

The authors provide a theory identifying at least one source of entrepreneurial opportunity – new knowledge and ideas that are not fully commercialized by the organization actually investing in the creation of that knowledge.

This paper develops a model that introduces a filter between knowledge and economic knowledge and identifies entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981-2001 provides empirical support for the model.

The paper provides a framework for quantifying any economy’s flexibility, and reviews the evidence on New Zealand firms’ birth, growth and death. The data indicate that, by and large, the labour market and the financial market are doing their job.

The report discusses developing information on the utilization of programs to assist small businesses owned and controlled by veterans and service-disabled veterans and to make appropriate recommendations to the Administrator of the SBA and to the Congress in order to promote the establishment and growth of these firms.

The report strongly supports the notion that self-funding and informal investment are critical to an entrepreneurial society. About 99.9 percent of nascent entrepreneurs launch new ventures without formal venture capital or business angel investments, the report states. Entrepreneurs themselves provide 65.8 percent of the start-up capital while others, mainly informal investors, provide the remaining 34.2 percent. New to this years report is analysis demonstrating a relationship between Total Entrepreneurship Activity and per capita Gross Domestic Product

The paper uses a state of the art three-stage technique to identify the characteristics of the self-employed immigrant and native men in Germany and to understand their underlying drive into self-employment. Employing data from the German Socioeconomic Panel 2000 release we find that self-employment is not significantly affected by exposure to Germany or by human capital.

This paper uses survey data from the 15 EU Member States and the U.S. to establish the effect of demographic and other variables on latent and actual entrepreneurship. The most striking result is the lack of explanatory power of the perception of lack of available financial support in the latent entrepreneurship equation.

According to the author, economies that are associated with scale and scope are important driving forces in the expansion and deepening of coordination within firms. At the same time it is found that this inside or organizational type of coordination has been taken over to a large extent by managers who act as administrators and intrapreneurs. So the evidence points to the conclusion that scale and scope limit the role of traditional entrepreneurs in both these functions.

The paper investigates the relationship between bank interest rate margins and collateral for loans issued to new ventures. Results indicate that while provision of collateral initially reduces bank exposure to risk, that beyond a point the positive risk-wealth association gives rise to greater risk taking propensity among entrepreneurs and ultimately higher interest rates.