entrepreneurship

The paper develops a theory of endogenous entrepreneurial risk taking that explains why self-financed entrepreneurs may find it optimal to invest in risky projects.

The paper examines how the value of mature firms determines the incentives of entrepreneurs to start up new firms and of venture capitalists to finance and advise them.

The paper examines a particular aspect of entrepreneurship, namely firms ability to respond appropriately to unexpected changes in the environment. The quantitative effect of firms adaptability on total factor productivity is investigated using the Census of Manufacturing in Japan.

The paper focuses on the entrepreneurial endeavors of immigrants and natives in Germany, focusing on Turkish immigrants. Employing data from the German Socioeconomic Panel 2000 release we find that the probability of self-employment increases significantly with age for all groups albeit at a decreasing rate. Among immigrants, Turks are twice as likely to choose self-employment as any other immigrant group.

According to the authors, client relationships create value, which employees may try to wrest from their employers by setting up their own firms. Firms counter by inducing workers to sign contracts that prohibit them from competing or soliciting former clients in the event of termination of employment. With or without liquidity constraints, more entrepreneurial locations will attract more clients
and have higher employment and output.

The report from the W.K. Kellogg Foundation gathers information on institutions, programs, and activities that support entrepreneurship in rural America to assess the distribution and scale of entrepreneurial activity and to identify potentially
influential contextual factors.

The study is an examination of the spatial location of some of the economic actors that comprise an
entrepreneurial support network within a region and serve, in their promotion of start-ups, as an
important conduit of knowledge spill-overs.

The paper contributes to the existing research by integrating the notions of organizational learning and entrepreneurial orientation into the body of international entrepreneurship. Findings indicate that the firms’ international learning effort and entrepreneurial orientation are positively associated with internationalization intent whereas domestic learning effort is negatively related with
internationalization intent.

The paper attempts to introduce the entrepreneur as the economic man into a neoclassical framework and to indicate the role of government in fostering entrepreneurship. The entrepreneur is assumed to behave as if he maximizes utility including his value and desire to succeed, subject to an income constraint, of which his physical effort in subsistent production and entrepreneurial production generate this income.

The report from the National Commission on Entrepreneurship and the Center for Regional Economic Competitiveness is part of a preliminary research dedicated to understanding the growth of entrepreneurial development programs and the effect they have on the economy. The findings indicate that state and local governments are starting to develop entrepreneurship programs, but the past decades progress could be threatened by the looming fiscal crisis facing such states as Maine, Nevada and Pennsylvania.