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| Ross, R. Brent; Westgren, Randall E.. |
| Highly turbulent environments require firms to act entrepreneurially. The returns to entrepreneurial activities are known as entrepreneurial rents. Following the payments perspective, these rents are allocated to the entrepreneurial resources of the firm as factor payments. However, unlike other factor payments, little is known about how to value these types of rents. An analysis of the economics and management literature reveals that entrepreneurial rents are a return to alertness, subjective judgment, asset control, and uncertainty bearing. Furthermore, entrepreneurial rents are noncontractible and temporary. This paper introduces two complementary valuation models that capture these characteristics and that explicitly impute value to various... |
| Tipo: Journal Article |
Palavras-chave: Entrepreneurship; Factor payments; Subjective judgment; Uncertainty; Agribusiness; Risk and Uncertainty; M13; B12; B25; P23; Q13. |
| Ano: 2006 |
URL: http://purl.umn.edu/43776 |
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| Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette. |
| We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting services, while the remaining 267 enterprises served as a control group that did not receive any subsidized training. Treatment enterprises were matched with one of nine local consulting firms and met with their consultants once a week for four hours over a one year period. Results from a follow-up survey, conducted after the intervention, show that the consulting services had a large impact on the performance of the enterprises in the treatment group: monthly sales went... |
| Tipo: Working Paper |
Palavras-chave: Enterprise growth; Entrepreneurship; Managerial capital; Labor and Human Capital; D21; D24; L20; M13; O12. |
| Ano: 2012 |
URL: http://purl.umn.edu/121675 |
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| Mancilla, Claudio; Viladomiu-Canela, Lourdes; Guallarte-Nuez, Carlos. |
| Many rural areas have experienced Development downturn throughout most of the 20th century. Usually, immigrants have been considered as labour force. However, they often choose to become entrepreneurs. Relevant literature suggests evidences that immigrants are more entrepreneurially active than local inhabitants. The objective of this study is to verify how local conditions in rural areas as well as characteristics of immigrants influence individuals to become entrepreneurs. The results indicate that an immigrant has a higher likelihood of becoming an entrepreneur. Residing in a rural community positively influences the likeliness of being involved in entrepreneurial activities; however this is mainly true for Spaniards, since immigrants are not influenced... |
| Tipo: Journal Article |
Palavras-chave: Agribusiness; Agricultural and Food Policy; Labor and Human Capital; M13; O18. |
| Ano: 2010 |
URL: http://purl.umn.edu/99099 |
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| Hellman, Thomas; Enrico, Perotti. |
| Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may share them without contractual protection. Idea density is enhanced by firms ensuring rewards to inventors, while their legal boundaries limit idea leakage. As firms limit idea circulation, the innovative environment involves a symbiotic interaction: firms incubate ideas and allow employees to leave if they cannot find an internal fit; markets allow for wide circulation of ideas until matched and completed; under certain circumstances ideas may be even developed in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Ideas; Innovation; Entrepreneurship; Firm Organization; Start-Ups; Industrial Organization; D83; L22; M13; O31. |
| Ano: 2010 |
URL: http://purl.umn.edu/60751 |
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| Fairlie, Robert W.; Robb, Alicia. |
| Using data from the confidential and restricted-access Characteristics of Business Owners (CBO) Survey, we provide some suggestive evidence on the causes of intergenerational links in business ownership and the related issue of how having a family business background affects small business outcomes. Estimates from the CBO indicate that more than half of all business owners had a self-employed family member prior to starting their business. Conditional on having a self-employed family member, less than 50 percent of small business owners worked in that family member's business. In contrast, estimates from regression models conditioning on business ownership indicate that having a self-employed family member plays only a minor role in determining small... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Business outcomes; Self-employment; Entrepreneurship; Families; Human capital; Labor and Human Capital; M13; J24. |
| Ano: 2003 |
URL: http://purl.umn.edu/28446 |
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