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...

Induced by the widespread use of social software in personal contexts, companies wish to profit from its advantages. Owing to limited IT budgets and the need to justify investments in such systems, it is important to assess the benefits of employing social software in the corporate context. In this paper, we propose conceptual models for assessing the success of two specific types of social sof...

This research paper aims to evaluate the effectiveness of social commerce in empowering next gen-eration entrepreneurs. With rapid growth media and e-commerce, has emerged as a promising avenue for young entrepreneurs establish grow their businesses. pa-per explores benefits, challenges, strategies associated with entre-preneurs. It examines impact on business performance, well role skills supp...

Abstract It is the actions of entrepreneurs that give rise to new organizations. However, a comprehensive understanding what do and actually leads venture success currently lacking. To summarize existing research, we conduct structured literature review including 59 empirical articles linking entrepreneurs’ behavior success. We define “actions” as discrete units “doing” can—potentially—be obser...