In this paper we present a political economy approach in order to explain the degree of financial openness for an economy. In the model, entrepreneurs, who may have good or bad projects, vote for policies, which are proposed by selfish politicians. Two political frictions (ideological adherence and a supermajority requirement) impair political competition and lead to equilibria, where politicia...

Small and medium enterprises' financing constraints are an important reason for its development in recent years, national policy and legal aspects are also efforts to promote the development of SMEs, the SME financing is still a lot of the biggest obstacles to entrepreneurs. In this paper, the status of financing small and medium enterprises start to analyze the reasons for its financing of the...

The majority of SMEs have neither the internal expertise nor financial resources to enable in-house development of e-business and therefore turn to the services of website design consultants to assist them. Unfortunately, they often engage consultants without any clear idea of their intended e-business strategy and without due care as to effective engagement processes. This frequently leads to ...

If entrepreneurs are liquidity constrained and not able to borrow to operate on an e¢ cient scale, economic theory predicts that entrepreneurs with more personal wealth should do better than those with less wealth. We test this hypothesis using a novel dataset covering a large panel of start-ups from Norway. Consistent with liquidity constraints, we …nd a positive relationship between founder p...

We explore what benefits network position in online business social networks like LinkedIn might confer to an aspiring entrepreneur. We compare two network attributes, size and embeddedness, and two actor attributes, location and diversity, between virtual and real-world networks. The promise of social networks like LinkedIn is that network friends enable easier access to critical resources suc...

Research has established a number of personality features and behaviours associated with business creation and success. The similarities between these traits and narcissism, a concept with roots in clinical psychology and psychiatry, led the authors to conduct this study, which proposes to measure whether entrepreneurs score higher on a narcissism scale than other vocational groups. The second ...

Frugal entrepreneurship (FE) is a recent pursuit that has evolved from the frugal innovation (FI) concept. How entrepreneurs mobilize resources both interesting and novel, yet it remains an underresearched area. The objective of this study to explore how at grassroots level emerging markets realize their entrepreneurial aspiration. Based on six cases enterprise, contributes FE literature in par...

AIMS The paper aims to contribute to our understanding of the policy process in health promotion by addressing the following questions: What are the characteristics of the policy process in health promotion? How do policy entrepreneurs influence project implementation? METHODS This is a qualitative study with an explorative case study design that uses three different data sources: qualitative...

We use a natural experiment in Denmark to test the hypothesis that aspiring entrepreneurs face financial constraints because of low entrepreneurial quality. We identify 304 constrained entrepreneurs who start a business after receiving windfall wealth and examine the performance of these marginal entrepreneurs. We find that constrained entrepreneurs have significantly lower survival rates and l...

limited government resources, inadequate domestic bank resources and international financial restrictions are major obstacles to the implementation of infrastructure projects in the country and providing development programs. now the proceeds from the sale of crude oil are the main source of revenue for the country's infrastructure development. meanwhile, sukuk of istisna can prove their c...