Becoming an Entrepreneur Using the 1996-2001 Chilean CASEN Panel Survey, this paper analyzes the impact on income of the switch from salaried employment to entrepreneurship (self-employment and leadership of micro-enterprises). By means of a difference-in-differences non-parametric matching estimator the paper alleviates problems of selection bias (on observable and unobservable traits) and cre...

It is exceedingly rare for one person to change the world almost single-handedly, but Justice Ruth Bader Ginsburg was of those people. Even before her distinguished judicial career, RBG a trailblazing advocate women’s rights during 1970s. She persuaded Supreme Court that gender discrimination violates Equal Protection Clause U.S. Constitution, winning five six cases she argued there. To lead th...

Who Values the Status of the Entrepreneur? Parker and Van Praag (2009) showed, based on theory, that the group status of the profession ‘entrepreneurship’ shapes people’s occupational preferences and thus their choice behavior. The current study focuses on the determinants and consequences of the group status of a profession, entrepreneurship in particular. If the group status of entrepreneursh...

Scholars and business professionals advocate inter-organizational partnerships as a key strategy for knowledge acquisition. This paper explores the limitations to such strategy by studying the conditions under which partnerships with innovative firms do not materialize. In the context of Corporate Venture Capital (i.e., equity investment in entrepreneurial ventures by established corporations),...

Existing finance literature is inadequate with respect to its coverage of the capital structure of small and medium sized enterprises (SMEs). This lack of coverage means that SMEs are provided with little or no guidance for optimising their cost of capital. This paper is an attempt to provide such guidance. For unlisted SMEs the cost of equity cannot be derived from the capital market, nor can ...

Many people envy entrepreneurs and want to emulate them as a road to wealth, fame, and freedom. A large number of works have argued about what makes a person act entrepreneurially, and various traits and characteristics of entrepreneurs have been enthusiastically discussed. This study focuses on one particular point: how to facilitate a person’s efforts to become a small firm entrepreneur throu...