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The Dynamics Of 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 The Dynamics of New Firm Formation by : Martin Binks
Download or read book The Dynamics of New Firm Formation written by Martin Binks and published by . This book was released on 1984 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Entrepreneurship, Growth, and Innovation by : Enrico Santarelli
Download or read book Entrepreneurship, Growth, and Innovation written by Enrico Santarelli and published by Springer Science & Business Media. This book was released on 2006-03-29 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of different national cases (including, Germany, Greece, Italy, Portugal, Turkey, the Netherlands, and the United States) puts forward that the relationship between entrepreneurship and growth (via innovation) is shaped by the context of country-specific institutions and industries, thereby providing hints for industrial and innovation policy.
Book Synopsis Dynamics of New Firm Formation by : Y.R Choi
Download or read book Dynamics of New Firm Formation written by Y.R Choi and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increase in worldwide entrepreneurial activity has resulted in an influx of entrepreneurial policies, focused upon promoting startup firms. This research attempts to increase the understanding of why new firm formation varies over time in a country. Based upon this increase in entrepreneurial policies, it is hypothesized that the increase in these policies impacts the level of new firm formation in the United States. The opportunity-individual-resource model of entrepreneurial policy is discussed, as are the links between new firm formation and technological capital, economic opportunity structure, individuals, and resources. Several hypotheses are proposed, examining new firm formation and technological capital intensity, antitrust enforcement, unemployment rates, labor union activity, venture capital, and government financial support. To test these hypotheses, a data set of time series data on new firm formation in the United States from 1968 through 1993 was used. The means of measuring various factors is discussed. The data were analyzed using Chi-square tests and the maximum likelihood estimate (MLE) for a times series regression. The results of the data analysis indicate that R&D stock per capita is positively correlated to new firm formation. The findings suggest that new firm formation is explained by macro policy factors surrounding opportunity, individual, and resource aspects.(AKP).
Book Synopsis Innovation, Globalization and Firm Dynamics by : Anna M. Ferragina
Download or read book Innovation, Globalization and Firm Dynamics written by Anna M. Ferragina and published by Routledge. This book was released on 2014-03-14 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welfare creation. This volume deals with these three issues in three sections titled respectively: entrepreneurship, new firm formation and growth; productivity-innovation-growthnexus; globalization, multinational firms and producers’ dynamics. The book presents new studies written by distinguished researchers in the field, who use state-of-the-art methodologies and extensive sources of firm- and plant-level longitudinal data to analyze and understand these major economic issues facing modern economies. In the first section, the book proposes two comprehensive introductory surveys which explore in detail the underpinnings of entrepreneurship, new firm formation and growth in advanced and developing countries. The second fundamental issue, productivity-innovation and firm dynamics, is approached by examining key drivers of selection mechanisms such as size, scale elasticity, innovative efforts, financial fragility of the firms, barriers to entry and exit, capital and financial market distortions, institutional inefficiencies and other market imperfections which affect the ability of firms to expand or enter. The third section examines differences, linkages and intertwined evolution of foreign and domestic firms in their dynamics of survival and growth in different institutional contexts and periods. Each chapter includes a detailed discussion of the implications of the respective analyses for enterprise policy. In a concluding chapter the overall implications for enterprise policy of the analyses presented in the different chapters are drawn by the Editors. This approach ensures that the book is integrated around a coherent central theme in comprehensive framework. The book responds to a growing concern among scholars, professionals, and policy makers over the recent decades about firm ability to survive and compete in a context of increasing globalization and international competition. The approach adopted is both theoretical and empirical with consideration of paradigmatic case studies in Europe, Africa and Asia, providing new evidence on developed, developing and transition economies in a comparative perspective. The cases selected represent different levels of development, different firms strategies and paths, with distinct outcomes. The book is an essential reading for scholars and students concerned with industry development, public policy and globalization, as well as to all those involved professionally in such issues.
Book Synopsis Handbook of Entrepreneurial Dynamics by : William B Gartner
Download or read book Handbook of Entrepreneurial Dynamics written by William B Gartner and published by SAGE Publications. This book was released on 2004-06-21 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This important Handbook of Entrepreneurial Dynamics reports on the Panel Study of Entrepreneurial Dynamics (PSED), the most comprehensive scientifically representative study to date of nascent entrepreneurs. The book is unique because the study identified individuals in the process of creating new businesses to understand how, at its very source, people move from considering the option of starting a new business to its actual founding. This has never been done before in the history of entrepreneurship research... I cannot recommend this book more strongly to entrepreneurship scholars and those interested in where entrepreneurs come from and how they move from their initial idea to new venture founding." --Claudia Bird Schoonhoven, University of California, Irvine "This Handbook makes a terrific contribution to understanding entrepreneurship and new business creation. Its 38 chapters report major findings from the Panel Study of Entrepreneurial Dynamics (PSED), an unprecedented research program involving more than a hundred researchers from 10 countries. This Handbook is ′must reading′ for anyone interested in entrepreneurship research." --Andrew H. Van de Ven, Carlson School of Management, University of Minnesota Entrepreneurial activity provides profound positive benefits across an important set of measures of social and economic well-being, much of it concentrated in new economic sectors such as information technology. Yet, even though entrepreneurship has been shown to provide many benefits, it is surprising that there has not been a systematic study of the entrepreneurial process. The Handbook of Entrepreneurial Dynamics: The Process of Business Creation fills this gap by offering theories, ideas, and measures that can be used to explore and understand the factors that encompass and influence the creation of new businesses. The chapters in the handbook provide the rationale for questionnaires used in the Panel Study of Entrepreneurial Dynamics (PSED). The PSED is a research program that was initiated to provide systematic, reliable, and generalizable data on important features of the new business creation process. The PSED includes information on the proportion and characteristics of the adult population involved in efforts to start businesses, the activities and characteristics that comprise the nature of the business start-up process, and the proportion and characteristics of those business start-up efforts that actually become new businesses. The handbook also describes the PSED data collection process; provides documentation of the interview schedules, codebooks, data preparation and weighting scheme; as well as offers examples of how analyses of PSED data might be conducted. The authors identify specific measures that can be used to operationalize theory as well as provide evidence from the PSED data sets on these measures′ reliability and validity. The Handbook of Entrepreneurial Dynamics is ideal for a sizeable audience, including graduate students, academics, and librarians in schools of business and management who need a comprehensive reference on business creation. In addition, researchers and policy makers at the federal, state, and local level will find this an invaluable reference covering all of the factors involved in new venture formation. Key Features: * Considers categories of data not available prior to the PSED * Includes a comprehensive overview of theories about new business formation * Provides demographics of nascent entrepreneurs * Analyzes the cognitive characteristics of nascent entrepreneurs * Explores all of the processes of new business formation
Book Synopsis New Firm Formation by : Vinod Sutaria
Download or read book New Firm Formation written by Vinod Sutaria and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical studies of determinants of new firm formation to date have tended to yield diverse and even contradictory results. Three primary reasons for this have been advanced: (1) the paucity of suitable micro-level data (2) the failure to control for amorphous time- and place-specific influences that defy specification, and (3) the use of estimation techniques that do not handle adequately the effects of heteroscedasticity. This paper addresses all of these shortcomings by employing a unique data set composed of annual data on localized firm entry, exit and a variety of predictor variables that has been analyzed to yield heteroscedasticity-corrected estimates while controlling for unspecified place- and period-specific influences. We test a variety of models seeking to explain patterns of new firm formation in terms of macroeconomic, demographic, and labor market processes, patterns of industrial restructuring, availability of local financial capital, and local public sector spending. Our results suggest that regional patterns of new firm formation can be explained by variation in unemployment change rates, mean establishment size, prior firm entry and exit dynamics, and the availability of local financial capital. We find no evidence of influence attributable to population or income dynamics, unemployment level, or local government spending.
Book Synopsis New Firm Formation by : Scott Newbert
Download or read book New Firm Formation written by Scott Newbert and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamic capability perspective is used as a way of understanding new firm formation.To better understand the ways in which entrepreneurs acquire resources, the gestational activities (actions that develop a business framework and operations that aid in creating a business) of new firms are reviewed. A thorough literature review covers research such as new firm formation, conceptual development, specificity, commonalities, and market dynamism.The data were collected from the Panel Study of Entrepreneurial Dynamics (PSED), with 817 nascent entrepreneurs randomly chosen as subjects.The data were analyzed using Spearman's rho correlation and binary logistic regression. The gestational activities common to nascent entrepreneurs include developing models and/or prototypes, purchasing materials, committing full time to the venture, hiring employees, and engaging in promotional efforts. The findings of the study revealed the following:the process to firm formation becomes less complex as market velocity increases, and for low-tech nascent entrepreneurs only those who actually invest saved capital in the venture will succeed.It was also found that prior firm founding experience may negatively influence the chances of founding a new firm.The implications, limitations, and areas for future research are discussed. (AKP).
Book Synopsis Understanding Business Dynamics by : National Research Council
Download or read book Understanding Business Dynamics written by National Research Council and published by National Academies Press. This book was released on 2007-04-05 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees. Understanding Business Dynamics presents strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics, as well as in microlevel analyses of topics ranging from job creation and destruction and firm entry and exit to innovation and productivity. This book offers recommendations that could be enacted by federal statistical agencies to modernize the measurement of business dynamics, particularly the production of information on small and young firms that can have a disproportionately large impact in rapidly expanding economic sectors. It also outlines the need for effective coordination of existing survey and administrative data sources, which is essential to improving the depth and coverage of business data.
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 . This book was released on 1999 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 The Dynamics of Entrepreneurial Ecosystems by : Allan O’Connor
Download or read book The Dynamics of Entrepreneurial Ecosystems written by Allan O’Connor and published by Routledge. This book was released on 2021-12-26 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide new approaches to analysing and thinking about how entrepreneurial ecosystems develop and evolve over time as well as shed light on the relatively unexplored area of entrepreneurship ecosystem dynamics. The concept of entrepreneurial ecosystems has emerged as a framework to understand the nature of places in which entrepreneurial activity flourishes. Time is fundamental to the analysis of the dynamics of an entrepreneurial ecosystem. New firm creation, survival, growth and demise all occur within a temporal context that is, over and within time. Systems approaches to research invariably model the influential effects of the actors and elements that shape, re-shape, maintain, shift and change the system itself. An entrepreneurial ecosystem point of view, therefore, is inherently time-dependent and provides an analytical framework that reveals how the number and diversity of entrepreneurial actors situated in a place and time influence the creation of new firms, their survival, growth, and ultimately the stability of markets and industry in a time and place. Whether for better or worse, the historic and present time dimensions underpin the functioning and trajectory of entrepreneurial ecosystem performances and how they are shaped over time. Each chapter in this edited volume outlines a particular perspective and/or a unique case drawn from a range of countries that collectively reveal the dynamics of an ever-changing entrepreneurial ecosystem. The chapters were originally published as a special issue of the journal, Entrepreneurship and Regional Development.
Book Synopsis The Entrepreneurial Dynamics in Italy by : Alessandra Micozzi
Download or read book The Entrepreneurial Dynamics in Italy written by Alessandra Micozzi and published by Springer Nature. This book was released on 2020-10-07 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: New firm creation is one of the most important topics at economic, social and political level. The emergence of new ventures is central to economic adaptation and change and one of the major features associated with growth in employment and in sector productivity. Entrepreneurship is now at the centre of many policy questions related to science and technology, research and development, sustainability, poverty, human capital, employment, tangible and intangible resouces. This book provides a better understanding of the process for setting up new initiatives, analysing the several factors related to entrepreneurship dynamic. It specifically analyses the factors explaining the entrepreneurial rates in Italy and the differences in entrepreneurial dynamics in a sample of EU countries. This book shows that the entrepreneurial dynamics is very different across countries and to establish a policy to foster entrepreneurship, there is a need to investigate which factors drive the entrepreneurial process. This book will be of interest to academics and practitioners in Entrepreneurship, and it also offers interesting indications to policy makers. Stimulating innovative entrepreneurship is one of the highest priorities in the current economic debate, and is particularly important in countries like Italy, where economic growth is slow and youth unemployment rates are very high.
Book Synopsis Geographical Dynamics and Firm Spatial Strategy in China by : Shengjun Zhu
Download or read book Geographical Dynamics and Firm Spatial Strategy in China written by Shengjun Zhu and published by Springer. This book was released on 2017-01-07 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers the first detailed account of the complex geographical dynamics currently restructuring China’s export-oriented industries. The topics covered are relevant to post-socialist geography, development studies, economics, economic sociology and international studies. It offers academics, international researchers, postgraduate and advanced undergraduate students in these fields an accessible, grounded, yet theoretically sophisticated account of the geographies of global production networks, value chains, and regional development in developing countries and emerging economies. It is of particular interest to economic geographers and economic sociologists involved in the growing debates over local clusters, embeddedness, global sourcing and global production, and over the global value chain/global production network. It also appeals to national policymakers, since it directly addresses economic and industrial policy issues, such as industrial competitiveness, regional and national development, industrial and employment restructuring and trade regulation.
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 OECD Regional Development Studies The Geography of Firm Dynamics: Measuring Business Demography for Regional Development by : OECD
Download or read book OECD Regional Development Studies The Geography of Firm Dynamics: Measuring Business Demography for Regional Development written by OECD and published by OECD Publishing. This book was released on 2017-12-05 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Geography of Firm Dynamics provides methods and data to measure and analyse the creation and destruction of businesses across OECD regions.
Book Synopsis Employment dynamics, firm growth, and new firm formation by : Knut Gerlach
Download or read book Employment dynamics, firm growth, and new firm formation written by Knut Gerlach and published by . This book was released on 1993 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
