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on Entrepreneurship |
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Issue of 2005‒07‒25
six papers chosen by Marcus Dejardin Facultés Universitaires Notre-Dame de la Paix |
| By: | JULIO DE CASTRO (Instituto de Empresa); ALBERTO MAYDEU (Instituto de Empresa) |
| Abstract: | In this paper we re-examine the measurement of entrepreneurial activity and provide a model-based approach at measure. The Global Entrepreneurship Monitor (GEM) project has been a key addition to our ability to measure and compare rates of entrepreneurial activity. But even though there is consensus about the importance of measuring entrepreneurial activity, researchers differ about the appropriate ways to measure the breadth of entrepreneurial activity. |
| Keywords: | Entrepreneurship, Entrepreneurial activity, Entrepreneurial environment |
| Date: | 2005–01 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp05-01&r=ent |
| By: | JULIO DE CASTRO (Instituto de Empresa) |
| Abstract: | (WP 10/04 Clave pdf) This paper examines the relationship between cognitive fit/misfit, and burnout, satisfaction, and intentions to exit the firm in entrepreneurs. Given the disordinal (crossed) nature of the significant interactions, the results indicate when cognitive misfit in entrepreneurs (based on their dominant decision-making approach) is more likely lead them to experience negative outcomes, given the nature and degree of firm structure. |
| Date: | 2004–04 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp04-10&r=ent |
| By: | JULIO DE CASTRO (Instituto de Empresa) |
| Abstract: | (WP 07/04 Clave pdf) According to economic theory, under-performing firms should be selected out of the market. However, research shows that these firms persist, often for long periods of time. In this article we explore the non-firm-performance factors that contribute to the decision to persist with an under-performing firm. Using the escalation of commitment literature we identify seven variables that are associated with the persistence decision. We reconcile the economic and psychological views by finding that the extent to which some of these non-firm-performance factors influence the persistence decision is, in part, dependent upon the owner-managers’ level of extrinsic motivation. |
| Date: | 2004–03 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp04-07&r=ent |
| By: | Paolo Angelini (Bank of Italy, Economic Research Department); Andrea Generale (Bank of Italy, Economic Research Department) |
| Abstract: | We address the question in the title using survey-based measures of financial constraints, as opposed to the proxies typically used in the literature. We find that in our dataset of Italian firms, those declaring to be financially constrained are smaller and younger than the others. However, the size distribution of non constrained firms is significantly skewed, and virtually overlaps with the FSD for the entire sample. Similar conclusions are drawn from the analysis of a large subsample comprising very young firms. These results are broadly confirmed using several non survey-based proxies of financial constraints, and over a second large sample including firms from OECD and non OECD countries. The analysis of the latter dataset suggests that financial constraints are a relatively more serious problem in developing countries. We conclude that financial constraints cannot be the main determinant of the FSD evolution over time, especially in financially developed economies. |
| Keywords: | firm size distribution, financial constraints. |
| JEL: | L11 |
| Date: | 2005–06 |
| URL: | http://d.repec.org/n?u=RePEc:bdi:wptemi:td_549_05&r=ent |
| By: | ELENA REVILLA (Instituto de Empresa) |
| Abstract: | There has been little research that includes reliable deductions about the influence of knowledge and its associated learning processes on business performance. For this reason, the main objective of the present study is to empirically explore the link between learning flows in organizations, resulting knowledge stocks, and business performance evaluated in both financial and non-financial terms. Using data from 111 companies, we conduct our research through a structural equation modeling. In doing so, we establish a measurement model for the main constructs and examine the paths between them. |
| Date: | 2005–03 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp05-14&r=ent |
| By: | MANUEL BECERRA (Instituto de Empresa); JUAN SANTALO (Instituto de Empresa) |
| Abstract: | Some industries are populated primarily by diversified firms, while other industries are dominated by specialized firms, which are present only in such a given industry. In this study, we analyze what factors determine the dominance of diversified versus specialized firms, and its effect on firm performance. In line with transaction cost economics, we show that market concentration and the degree of variability in the diversification pattern of firms in the industry are negatively associated with the importance of the activity accounted by specialized firms across the 720 industries in our study. |
| Date: | 2005–02 |
| URL: | http://d.repec.org/n?u=RePEc:emp:wpaper:wp05-06&r=ent |