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Erkko Autio - One of the best experts on this subject based on the ideXlab platform.

  • intellectual property protection and the formation of entrepreneurial growth aspirations
    Strategic Entrepreneurship Journal, 2010
    Co-Authors: Erkko Autio, Zoltan J Acs
    Abstract:

    Applying real options logic, we build and test a multilevel model that explicates the influence of a country's intellectual property protection regime on the effect of an individual's human and Financial Capital on entrepreneurial growth aspirations. The results suggest that the strength of the intellectual property regime moderates negatively the relationship between an individual's education and entrepreneurial growth aspirations; and it moderates positively the relationship between an individual's household income and growth aspirations. Intellectual property protection, thereby, encourages specialization amongst differently qualified entrepreneurs. Our findings support claims that strategic entrepreneurial behaviors cannot be fully understood without giving attention to the context in which those behaviors are observed. Copyright © 2010 Strategic Management Society.

  • intellectual property protection and the formation of entrepreneurial growth aspirations
    Strategic Entrepreneurship Journal, 2010
    Co-Authors: Erkko Autio
    Abstract:

    Applying real options logic, we build and test a multi-level model that explicates the influence of a country’s intellectual property protection regime on the effect of human and Financial Capital on growth aspirations. The results suggest that the strength of the intellectual property regime moderates negatively the relationship between an individual's education and entrepreneurial growth aspirations; and it moderates positively the relationship between an individual’s household income and growth aspirations. Intellectual property protection thereby encourages specialization amongst differently qualified entrepreneurs. Our findings support claims that strategic entrepreneurial behaviors cannot be fully understood without giving attention to the context in which those behaviors are observed.

Douglas Holtzeakin - One of the best experts on this subject based on the ideXlab platform.

  • Financial Capital human Capital and the transition to self employment evidence from intergenerational links
    Journal of Labor Economics, 2000
    Co-Authors: Thomas Dunn, Douglas Holtzeakin
    Abstract:

    The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of Financial and human Capital exploiting the variation provided by intergenerational links. Specifically, we estimate the impacts of parental wealth and human Capital on the probability that an individual will make the transition from a wage and salary job to self-employment. We find that young men's own Financial assets exert a statistically significant, but quantitatively modest effect on the transition to self-employment. In contrast, the Capital of parents exerts a large influence. Parents' strongest effect runs not through Financial means, but rather through human Capital, i.e., the intergenerational correlation in self-employment. This link is even stronger along gender lines.

  • Financial Capital human Capital and the transition to self employment evidence from intergenerational links
    Journal of Labor Economics, 2000
    Co-Authors: Thomas A Dunn, Douglas Holtzeakin
    Abstract:

    We use data from the National Longitudinal Surveys to investigate the relative importance of family Financial and human Capital in the transition into self‐employment. Specifically, we estimate the impacts of individual's own wealth and human Capital and parental wealth and self‐employment experience on the probability that an individual transits from wage‐and-salary to self‐employment. We find young men's own Financial assets exert a statistically significant but quantitatively modest effect on the transition. In contrast, parents' Capital exerts a large influence. Parents' strongest effect runs, not through Financial means, but rather through their own self‐employment experience and business success.

Bertil Tungodden - One of the best experts on this subject based on the ideXlab platform.

  • human and Financial Capital for microenterprise development evidence from a field and lab experiment
    Management Science, 2015
    Co-Authors: Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Bertil Tungodden
    Abstract:

    Microenterprises constitute an important source of employment, and developing such enterprises is a key policy concern in most countries. But what is the most efficient tool for microenterprise development? We study this question in a developing country context Tanzania, where microenterprises are the source of employment for more than half of the labor force, and we report from a field experiment that jointly investigated the importance of a human Capital intervention business training and a Financial Capital intervention business grant. Using data from three survey rounds, a lab experiment, and administrative records of the microfinance institution, we present evidence on business performance, management practices, happiness, business knowledge, and noncognitive abilities. Our study demonstrates strong effects of the combination of the two interventions on male entrepreneurs, while the effects on female entrepreneurs are much more muted. The results suggest that long-term finance is an important constraint for microfinance entrepreneurs, but that business training is essential to transform Financial Capital into productive investments. Our study also points to the need for more comprehensive measures to promote the businesses of female entrepreneurs. Data, as supplemental material, are available at http://dx.doi.org/10.1287/mnsc.2014.1933 . This paper was accepted by John List, behavioral economics.

  • human and Financial Capital for microenterprise development evidence from a field and lab experiment
    Social Science Research Network, 2011
    Co-Authors: Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Bertil Tungodden
    Abstract:

    Which is the most binding constraint to microenterprise development, human Capital or Financial Capital? To answer this question, we present the first field experiment that jointly investigates these two constraints for poor microentrepreneurs, by introducing separate treatments of business training and a business grant. We combine survey data and data from a lab experiment to investigate treatment effects on business results, business practices, business skills and mind-set. Our study demonstrates a strong effect of business training on male entrepreneurs, while the effect on female entrepreneurs is much more muted. There is no effect of the business grant for either males or females. The results suggest that human Capital may be the more important constraint for poor microentrepreneurs, but also point to the need for more comprehensive measures to promote development among female entrepreneurs.

Zoltan J Acs - One of the best experts on this subject based on the ideXlab platform.

  • intellectual property protection and the formation of entrepreneurial growth aspirations
    Strategic Entrepreneurship Journal, 2010
    Co-Authors: Erkko Autio, Zoltan J Acs
    Abstract:

    Applying real options logic, we build and test a multilevel model that explicates the influence of a country's intellectual property protection regime on the effect of an individual's human and Financial Capital on entrepreneurial growth aspirations. The results suggest that the strength of the intellectual property regime moderates negatively the relationship between an individual's education and entrepreneurial growth aspirations; and it moderates positively the relationship between an individual's household income and growth aspirations. Intellectual property protection, thereby, encourages specialization amongst differently qualified entrepreneurs. Our findings support claims that strategic entrepreneurial behaviors cannot be fully understood without giving attention to the context in which those behaviors are observed. Copyright © 2010 Strategic Management Society.

Kjetil Bjorvatn - One of the best experts on this subject based on the ideXlab platform.

  • human and Financial Capital for microenterprise development evidence from a field and lab experiment
    Management Science, 2015
    Co-Authors: Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Bertil Tungodden
    Abstract:

    Microenterprises constitute an important source of employment, and developing such enterprises is a key policy concern in most countries. But what is the most efficient tool for microenterprise development? We study this question in a developing country context Tanzania, where microenterprises are the source of employment for more than half of the labor force, and we report from a field experiment that jointly investigated the importance of a human Capital intervention business training and a Financial Capital intervention business grant. Using data from three survey rounds, a lab experiment, and administrative records of the microfinance institution, we present evidence on business performance, management practices, happiness, business knowledge, and noncognitive abilities. Our study demonstrates strong effects of the combination of the two interventions on male entrepreneurs, while the effects on female entrepreneurs are much more muted. The results suggest that long-term finance is an important constraint for microfinance entrepreneurs, but that business training is essential to transform Financial Capital into productive investments. Our study also points to the need for more comprehensive measures to promote the businesses of female entrepreneurs. Data, as supplemental material, are available at http://dx.doi.org/10.1287/mnsc.2014.1933 . This paper was accepted by John List, behavioral economics.

  • human and Financial Capital for microenterprise development evidence from a field and lab experiment
    Social Science Research Network, 2011
    Co-Authors: Lars Ivar Oppedal Berge, Kjetil Bjorvatn, Bertil Tungodden
    Abstract:

    Which is the most binding constraint to microenterprise development, human Capital or Financial Capital? To answer this question, we present the first field experiment that jointly investigates these two constraints for poor microentrepreneurs, by introducing separate treatments of business training and a business grant. We combine survey data and data from a lab experiment to investigate treatment effects on business results, business practices, business skills and mind-set. Our study demonstrates a strong effect of business training on male entrepreneurs, while the effect on female entrepreneurs is much more muted. There is no effect of the business grant for either males or females. The results suggest that human Capital may be the more important constraint for poor microentrepreneurs, but also point to the need for more comprehensive measures to promote development among female entrepreneurs.