Government Support, Entrepreneurial Activity and Firm Growth
نویسندگان
چکیده
منابع مشابه
Motivating entrepreneurial activity in a firm ∗
We consider the problem of motivating privately informed managers to engage in entrepreneurial activity to improve the quality of the firm’s investment opportunities. The firm’s investment and compensation policy must balance the manager’s incentives to provide entrepreneurial effort and to report her private information truthfully. The optimal policy is to underinvest (compared to first-best) ...
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We analyze the implications of entrepreneurial spawning for a variety of firm characteristics such as size, focus, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical evidence relating to the relation between spawning and firm characteristics. Firms that have higher patent quality spawn more, as do firms that have higher...
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We analyze the implications of entrepreneurial spawning for a variety of firm characteristics such as size, focus, profitability, and innovativeness. We examine the dynamics of spawning over time. Our model accounts for much of the empirical evidence relating to the relation between spawning and firm characteristics. Firms that have higher patent quality spawn more, as do firms that have higher...
متن کاملEquity Financing of the Entrepreneurial Firm
A n entrepreneur is an individual with a project blueprint and limited wealth. If launching the project requires expenses that exceed the entrepreneur’s initial wealth, he needs outside financing. Entrepreneurs differ from “hired management” in that they are indispensable for the firm’s day-to-day operations. This is because entrepreneurs add value to companies perpetually, rather than by handi...
متن کاملAn Entrepreneurial Theory of the Firm
The most effective way to synthesise the insights of transactions cost-based and resource-based theories of the firm is to build the theory of the firm around the personality of the entrepreneur. The theory of entrepreneurship has a long tradition, going back to Cantillon and Say, but its contribution to the theory of the firm is often ignored. An entrepreneur is someone who specialises in iden...
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ژورنال
عنوان ژورنال: SocioEconomic Challenges
سال: 2019
ISSN: 2520-6214,2520-6621
DOI: 10.21272/sec.3(3).5-12.2019