Venture capitalists often hold extensive control rights over entrepreneurial companies, including the right to fire entrepreneurs. This paper examines why, and under what circumstances, entrepreneurs would voluntarily relinquish control. Control rights protect the venture capitalists from hold-up by the entrepreneurs. This provides the correct incentives for the venture capitalists to search fo...

Entrepreneurs create economic growth in their communities by forming new firms. Each year during the past decade, more than half a million businesses were started that added new jobs in the United States. In the 1990s, during the longest economic expansion in the United States economy, the majority of new jobs were created by small and medium-sized entrepreneurs operating highgrowth businesses....

In a market economy, entrepreneurs are businessmen who start a new business or expand an existing business by integrating production factors. In an emerging market economy, where market institutions are being established, in order to start or expand a successful business, a businessman not only has to possess the same ability as their counterpart in a market economy, he also has to overcome man...

Why Are the Returns to Education Higher for Entrepreneurs than for Employees? We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent and 9.9 percent, respecti...

Austrian business cycle theory has been criticized on the basis of “rational expectations.” That is, reasonably high quality entrepreneurs—which are required for economic growth—should be able to foresee the business cycle and thereby avoid making malinvestments. As noted by Evans and Baxendale (2008), this argument ignores the fact that entrepreneurs are heterogeneous in quality. American hous...

This article discussion about the facts that influence the success of women entrepreneurs in china. We do a survey of women entrepreneurs who have their own business in Beijing. This research used quantitative research methodology. We through IBM SPSS Statistics 20 to test the validity of questionnaire. From the results, we get that human capital, women characteristics, and motivation has a sig...

— The Economics of Happiness is one of the research areas of greatest growth in recent years. Throughout this work, a venture based model in which satisfaction of Spanish entrepreneurs with their professional life is performed. We analyze the responses of 9,989 entrepreneurs using data from the Global Entrepreneurship Monitor (GEM), and six hypothesis are discussed. The results show that, for t...

A social business fund is a novel financial instrument that can assist micro-entrepreneurs. Extensive research has been conducted on the effects of microcredit income, expenses, health, and living standards entrepreneurs. In this study, we expand previous by analyzing called funds. Specifically, study investigated impact funds micro-entrepreneurs’ income. Primary data were collected from young ...

Previous research, notably Baumol (1990), has highlighted the role of institutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions— entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and institutions is examined in this paper. En...