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New Firm Formation
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Book Synopsis The Dynamics of New Firm Formation by : Vinod Sutaria
Download or read book The Dynamics of New Firm Formation written by Vinod Sutaria and published by Routledge. This book was released on 2017-11-22 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The dynamics of New Firm Formation (NFF) are central to the phenomenon of economic growth and development. While the economic importance of NFF has been recognized, the mechanisms that drive NFF are not well documented or understood. Illustrated by an in-depth case study from Texas, this volume analyzes the relationships between NFF and its localized context. Using specially-formulated fixed-effects regression models, the study brings about controversial new findings. These provide a counterpoint to the neoclassical theory that there is an adversarial relationship between small and large firms by instead suggesting that the relationship is more of a symbiotic one. Furthermore, it suggests that deep churning - the turnover and replacement in a business base - is a key factor in understanding the forces shaping regional economies.
Book Synopsis New Firm Formation and Sustainable Regional Economic Development - Relevance, Empirical Evidence, Policies by : Michael Fritsch
Download or read book New Firm Formation and Sustainable Regional Economic Development - Relevance, Empirical Evidence, Policies written by Michael Fritsch and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The belief that new business formation is a source of economic growth is widespread. This belief has been a strong motivation for a great deal of research in entrepreneurship. It has also motivated politicians in many countries to devise strategies aimed at stimulating the formation of new firms. However, the theoretical as well as the empirical foundation for this belief are remarkably weak. Empirical research on the issue started late and only recently have researchers begun to assess the effects of new businesses on economic development in detail. The effect of new business formation on regional development is an important field of research. A proper understanding of these relationships may provide valuable inputs for policies aimed at stimulating growth. This short introduction provides an overview on the current state of knowledge about the effects that new businesses have on regional development. The focus is on regions for three reasons. First, geographical units of observation are much better suited for such an analysis than are industries. Second, empirical research has shown that the magnitude of the effects of new business formation on growth differs considerably across regions pointing to the importance of region-specific factors. Third, regions are an important arena for development policy (for an extensive review see Fritsch, 2013).
Book Synopsis The Wiley Handbook of Entrepreneurship by : Gorkan Ahmetoglu
Download or read book The Wiley Handbook of Entrepreneurship written by Gorkan Ahmetoglu and published by John Wiley & Sons. This book was released on 2017-07-13 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by leading scholars, The Wiley Handbook of Entrepreneurship provides a distinctive overview of methodological, theoretical and paradigm changes in the area of entrepreneurship research. It is divided into four parts covering history and theory, individual differences and creativity, organizational aspects of innovation including intrapreneurship, and macroeconomic aspects such as social entrepreneurship and entrepreneurship in developing countries. The result is a must-have resource for seasoned researchers and newcomers alike, as well as practitioners and advanced students of business, entrepreneurship, and social and organizational psychology.
Book Synopsis International Differences in Entrepreneurship by : Josh Lerner
Download or read book International Differences in Entrepreneurship written by Josh Lerner and published by University of Chicago Press. This book was released on 2010-06-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Often considered one of the major forces behind economic growth and development, the entrepreneurial firm can accelerate the speed of innovation and dissemination of new technologies, thus increasing a country's competitive edge in the global market. As a result, cultivating a strong culture of entrepreneurial thinking has become a primary goal throughout the world. Surprisingly, there has been little systematic research or comparative analysis to show how the growth of entrepreneurship differs among countries in various stages of development. International Differences in Entrepreneurship fills this void by explaining how a country's institutional differences, cultural considerations, and personal characteristics can affect the role that entrepreneurs play in its economy. Developing an understanding of the origins of entrepreneurs as well as the choices they make and the complexity of their activities across countries and industries are of central importance to this volume. In addition, contributors consider how environmental factors of individual economies, such as market regulation, government subsidies for banks, and support for entrepreneurial culture affect the industry and the impact that entrepreneurs have on growth in developing nations.
Book Synopsis New Business Formation and Regional Development by : Michael Fritsch
Download or read book New Business Formation and Regional Development written by Michael Fritsch and published by . This book was released on 2013-02 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Business Formation and Regional Development provides an overview of the effects that new businesses have on regional development. The focus is on regions because geographical units of observation are much better suited for such an analysis than are industries. Regional growth is a complex process that involves large numbers of start-ups in diverse industries, firm exit, and growing and declining incumbent firms. The determinants of the effects that new business formation has in this complex process may be different from those factors that make individual start-ups succeed or a fail. After an introductory explanation, section 2 begins with a brief sketch of the extant research on this topic. Section 3 reviews the main theoretical approaches that provide insights and explanations, and combines them in a more diverse and comprehensive explanation of the effects of start-ups on development. This eclectic approach particularly highlights the competitive challenge that start-ups pose to incumbent firms and the important role played by the regional environment. Section 4 reports the available empirical evidence on the different effects that new business formation might have on regional development. The research ends with a discussion of policy implications in Section 5, and outlining important questions for further research in Section 6.
Book Synopsis Exploring Firm Formation by : Dane Stangler
Download or read book Exploring Firm Formation written by Dane Stangler and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent entrepreneurship research has shed new light on how important new companies - firms less than five years old - are to economic growth, so the next question raised by economists and policymakers might be: How do we increase the number of firm formations? In a review of research into entrepreneurial orientation to help find answers, another important question has arisen: Why does the level of firm formation remain virtually consistent from year to year? This paper, the second in the Kauffman Foundation Research Series on Firm Formation and Economic Growth, explores this question and makes the following key points: • Firm formation in the United States is remarkably constant over time, with the number of new companies varying little from year to year. This remains true despite sharp changes in economic conditions and markets, and longer-cycle changes in population and education. While existing entrepreneurship data may miss some numbers of new firms, this does not appear to explain the steady level of firm formation across time. • Such constancy possibly reflects the nature of the United States economy, employment churn, and demographics. The paper discusses each in detail, as well as entrepreneurial motivations, talent, and the so-called “opportunity recognition” model. • A steady level of firm formation implies that relatively few factors, such as entrepreneurship education and venture capital, influence the pace of startups, although these factors may help prevent a decline of new firms and may affect specific companies at the margins. • A closer look at the relatively unchanging number of new firms each year offers potential lessons for public policy, especially when considering the future of entrepreneurship after the Great Recession of 2007-2009. This paper examines the implications of each of these points, such as possible reasons why firm formation is constant and what it means for the wider economy, why efforts to increase entrepreneurship have not had much effect on the level of firm formation, whether or not the volume of startups really matters to the economy, and how the recession has impacted firm formation. Further discussion of some of these questions will be reserved for future papers, but we can at least begin to explore them here.
Book Synopsis Entrepreneurship and Dynamic Capitalism by : Bruce Kirchhoff
Download or read book Entrepreneurship and Dynamic Capitalism written by Bruce Kirchhoff and published by Bloomsbury Publishing USA. This book was released on 1993-12-30 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kirchhoff blends economics, business, and governemnt policy to demonstrate that entrepreneurship's role in business formation and growth energizes and maintains the viability of capitalism. Entrepreneurs convert new ideas into marketable products and services and use these to grab market shares from older, established firms. This process not only produces economic growth, but also redistributes resources so as to assure equitable distribution within society. Acknowledging that this perception is descriptive but lacks predictive power, Kirchhoff offers a typology to assist in predictive theory building and to guide government policy development.
Book Synopsis Regional Trajectories of Entrepreneurship, Knowledge, and Growth by : Michael Fritsch
Download or read book Regional Trajectories of Entrepreneurship, Knowledge, and Growth written by Michael Fritsch and published by Springer. This book was released on 2018-09-25 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a dynamic perspective on regional entrepreneurship, knowledge, innovation and economic growth, with a particular focus on the role that history and culture play. The authors provide comprehensive empirical analyses offering unique insights into the spatial patterns of long-term differences of regional self-employment, new business formation, cultures of entrepreneurship, innovation activities, and development. Policy implications from the analyses and a discussion of important avenues for future research complete this unique book combining history, culture, and entrepreneurship. This is a superb book with an original, historical take on entrepreneurship and regional development. It is a landmark study on Germany showing that regional levels of entrepreneurship are persistent and resilient, despite many disruptive shocks. Ron Boschma, Utrecht University, The Netherlands, and Stavanger University, Norway This book presents the distilled wisdom of two leading authorities on the link between entrepreneurship and economic prosperity at a regional level. Although its prime empirical focus is on Germany there are clear lessons for scholars and policy-makers in all high-income countries. David J Storey, University of Sussex, UK
Book Synopsis The Silicon Valley Edge by : Chong-Moon Lee
Download or read book The Silicon Valley Edge written by Chong-Moon Lee and published by Stanford University Press. This book was released on 2000 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at Silicon Valley's business environment, and what features have made it a fertile ground for start-up companies who develop radical and disruptive technologies.
Book Synopsis Entrepreneurship, Geography, and American Economic Growth by : Zoltan J. Acs
Download or read book Entrepreneurship, Geography, and American Economic Growth written by Zoltan J. Acs and published by Cambridge University Press. This book was released on 2006-06-19 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The spillovers in knowledge among largely college-educated workers were among the key reasons for the impressive degree of economic growth and spread of entrepreneurship in the United States during the 1990s. Prior 'industrial policies' in the 1970s and 1980s did not advance growth because these were based on outmoded large manufacturing models. Zoltan Acs and Catherine Armington use a knowledge spillover theory of entrepreneurship to explain new firm formation rates in regional economies during the 1990s period and beyond. The fastest-growing regions are those that have the highest rates of new firm formation, and which are not dominated by large businesses. The authors of this text also find support for the thesis that knowledge spillovers move across industries and are not confined within a single industry. As a result, they suggest, regional policies to encourage and sustain growth should focus on entrepreneurship among other factors.
Book Synopsis Understanding Silicon Valley by : Martin Kenney
Download or read book Understanding Silicon Valley written by Martin Kenney and published by Stanford University Press. This book was released on 2000 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text explores the factors that have made Silicon Valley such a fertile breeding ground for new technologies and new firms. It looks at how its pioneering achievements begana̧nd the forces that have propelled its unprecedented growth.
Book Synopsis Entrepreneurship and New Firm by : David J. Storey
Download or read book Entrepreneurship and New Firm written by David J. Storey and published by Routledge. This book was released on 2016-07-22 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, originally published in 1982, review the resurrection of the small firm, partly by a multi-disciplined examination of the existing literature on small and new firms and partly by reporting the results of a study of firms new (in the early 1980s) to the North East of England. Part 1 deals with the role of small firms as sources of potential or actual competition, and their role in research and innovation. In Part 2 the theoretical foundations for the study of entrepreneurs and their new firms are laid, using concepts from a cross-section of the social sciences. Part 3 tests some of the theories outlined in Part 2 and reviews the problems which the entrepreneurs faced in starting and developing their business and the impact which such businesses had upon the local economy. Part 4 reviews the lessons of the preceding parts in the context of the regional and national economy of the UK.
Book Synopsis Who Creates New Firms When Local Opportunities Arise? by : Shai Bernstein
Download or read book Who Creates New Firms When Local Opportunities Arise? written by Shai Bernstein and published by International Monetary Fund. This book was released on 2018-09-28 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local demand. We identify local demand shocks by linking fluctuations in global commodity prices to municipality level agricultural endowments in Brazil. We find that the firm creation response is almost entirely driven by young and skilled individuals, as measured by their level of experience, education, and past occupations involving creativity, problem-solving and managerial roles. In contrast, we find no such response within the same municipalities among skilled, yet older individuals, highlighting the importance of lifecycle considerations. These responsive individuals are younger and more skilled than the average entrepreneur in the population. The entrepreneurial response of young individuals is larger in municipalities with better access to finance, and in municipalities with more skilled human capital. These results highlight how the characteristics of the local population can have a significant impact on the entrepreneurial responsiveness of the economy.
Book Synopsis New Firm Formation and Industry Growth by : Thorsten Beck
Download or read book New Firm Formation and Industry Growth written by Thorsten Beck and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do industries that depend heavily on external finance grow faster in market-based or bank-based fiancial systems? Are new firms more likely to form in a bank-based or a market-based financial system?
Book Synopsis Entrepreneurship in the Region by : Michael Fritsch
Download or read book Entrepreneurship in the Region written by Michael Fritsch and published by Springer Science & Business Media. This book was released on 2007-10-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship in the Region approaches many different aspects of entrepreneurship from a regional perspective. The regional influences on entrepreneurship analyzed entail regional peculiarities and disparities in new business formation processes, the success and the employment effects of new firms, the importance of social capital and of network structures as well as entrepreneurship education and training provided in the regions. The articles in this book provide strong evidence for the importance of regional factors that shape entrepreneurship and new firm formation processes. It is shown that regional differences of start-up rates and entrepreneurial attitudes are not at all elusive but tend to be rather persistent and prevail over longer periods of time. The evidence clearly suggests that the regional level can be an appropriate starting point for entrepreneurship policy and that research on the issue may considerably benefit from properly accounting for the spatial dimension.
Book Synopsis Small Business Formation Handbook by : Robert A. Cooke
Download or read book Small Business Formation Handbook written by Robert A. Cooke and published by John Wiley & Sons. This book was released on 1999-04-26 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Complete Guide to Formations for the New Business Owner This comprehensive handbook describes the different types of business formations (sole proprietorships, partnerships, C corporations, S corporations, and limited liability companies), including the advantages and drawbacks of each, to help new small business owners make well-informed decisions. The first part of the book covers all the various legal business formations, with specific headings designed to help you eliminate the types of formations you cannot or should not use. Each type of formation includes examples of tax consequences as well as liability scenarios. The second part is dedicated to the forms you will need and the procedures you should follow to make your business run smoothly, in addition to the steps you should take to protect yourself from incurring penalties from various government agencies—state, local, and federal (most notably the IRS). You’ll find samples of all the necessary business and legal forms, including articles of incorporation, stockholder agreements, relevant IRS forms, and other government forms. Whether you’re just setting up a business or you’re already up and running and need to pinpoint the details you may have missed, the Small Business Formation Handbook puts all the answers you need right at your fingertips.
Download or read book Start-up written by Tom Harris and published by Springer. This book was released on 2018-08-07 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide for aspiring entrepreneurs provides expert advice on every aspect of launching a new business. It is designed to be of particular value for academics wishing to exploit the commercial value of a new technology or business solution. Inspiring and readable, it shows how to evaluate the strength of a business idea, how to protect inventions, reviews legal steps and responsibilities, shows how to position products in the market, how to create a business plan and raise initial capital. Case studies, exercises and tips demystify the process of starting a business, build confidence and greatly increase the chances of success.
