Innovative Firms or Innovative Owners? Determinants of Innovation in Micro, Small, and Medium Enterprises Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have restricted standard analysis of the determinants of innova...

Increasing investments in incubators, accelerators, and academia coincide with current historical perceptions of the United States as a world leader creating new businesses, well an economic force dependent, part, on entrepreneurship. Research identifies various personality characteristics related to entrepreneurship, however, entrepreneur-specific measures have rarely been studied. This study ...

The research paper is devoted to investigation of actual and practical problems entrepreneurship motivation. These sense decided; features motivation factors that influence its development are defined; analyze the business activities main reasons presented; entrepreneur ship structure shown; basic types dynamics in activity analyzed; relationship between personal successes presented. authors no...

We analyze the nature of financial contracting when an entrepreneur can choose the specificity of investments and financial contracts are incomplete. Investing in projectspecific assets increases productivity but decreases liquidation value. This creates a strategic incentive to specialize assets to decrease the bargaining power of the financier when debt financing is used. By contrast, equity ...