Who Becomes an Auditing Entrepreneur? The Effects of Human Capital, Age, and Job Stability

The focus of the paper is on the individual characteristics of newly certified auditors who apply for their auditing licenses in anticipation of entering solo practice or a partnership in an auditing firm, comparing them to their counterparts who do not apply for such a license. Our analysis draws on an integration of the human capital and entrepreneurship literatures, leading us to a number of hypotheses that are tested through logistic regression models.

University Invention, Entrepreneurship, and Start-Ups

This paper develops a game-theoretic model that predicts when a university invention is commercialized in a start-up firm rather than an established firm. The model predicts that university inventions are more likely to occur in start-ups when the technology transfer officers search cost is high, the cost of development or commercialization is lower for a start-up, or the inventors effort cost in development is lower in a start-up.

Entrepreneurial Theory of the Firm and the Theory of the Entrepreneurial Firm

After briefly delving for the concept of entrepreneurship in the work of Schumpeter, Kirzner, and (especially) Knight, the paper makes the case for the entrepreneurial theory of the firm. In such a theory, the firm exists as the solution to a coordination problem in a world of change and uncertainty, including Knightian or structural uncertainty.