The authors explore whether illegal entrepreneurship experience (IEE), an unconventional form of human capital is related to the performance and motivation of existing legal businesses in a transition context. Based on data from 399 private
business owners in Lithuania, the regression results indicate that IEE is significantly associated with subjective measures of business motivation.
The paper provides an outline of the concept of regional growth regimes and empirically illustrates the relevance of the
concept. The empirical examples are entrepreneurship, entry and the performance of new businesses in East and West Germany.
The paper makes three contributions to the economics literature on entrepreneurship. While results indicate that this existing literature is good at explaining an individual’s propensity for self-employment, we find that entrepreneurial persistence is determined by a different model and unearth some new insights into the roles of early career experience, finance, role models, gender and the unemployment push effect.
The paper provides a critical overview of recent empirical research on the relationship between entrepreneurship and economic growth.
The paper argues that cost of capital comparisons across closely held companies and entrepreneurial ventures on the one hand and widely held companies on the other, ought not to be based on an equal level assumption regarding the investors’ required rates of return, net of taxes.
The paper models firms entrepreneurial ability according to their ability to predict changes in productivity (i.e., their prediction ability), and derives an aggregate production function as a result of entrepreneurship. It is shown that prediction ability can aggravate distortions in the presence of political risk.
Examined in this paper is the choice between private and public incorporation of an asset for an entrepreneur (asset owner) who hires a manager and with superior information about the assets return distribution. The paper also explores the impact of incorporation mode--private versus public--and information structure on the firms investment policy and ownership distribution.
Analyzing textbooks for the presence of terms that fall naturally into two sets, the author investigates whether entrepreneurship-rich and institutions-rich theories are represented in Ph.D. programs in economics.
Using a micro data set generated from 19 waves of the German Socioeconomic Panel, the authors investigate self-employment dynamics. Findings suggest that the conditional probabilities of entry into self-employment are more than twice as high from the status of unemployment as from the status
of employment.
Highlighting successful youth entrepreneurship programs, the Kauffman Foundation report profiles six such programs in Chicago, Kentucky, Mississippi, Nashville, South Carolina and West Virginia. The report was conducted for the Appalachian Regional Commission.