| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4966 |
| DP4966 On Sustainable Pay-As-You-Go Systems | |
| Gabrielle Demange | |
| 发表日期 | 2005-03-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | What determines the quality of entrepreneurs? To address this question, the paper proposes a simple model of the interaction between individual workers? decision to become entrepreneurs and established firms? effort to keep their best workers and ideas. The main prediction from the model is that larger firms produce entrepreneurs of higher quality than smaller firms. I also find that, making firm size endogenous, stronger property rights protection makes the optimal firm size larger. Using novel and unique Norwegian data, I obtain results that are consistent with previous employer size exerting a noticeable influence on entrepreneurial performance. For example, increasing previous employer size from the 25 percent quartile to the 75 percent quartile increases yearly operating returns on assets by 6 percentage points. |
| 主题 | Financial Economics ; Industrial Organization ; Labour Economics |
| 关键词 | entrepreneurship Ipp Start-ups Property rights Private benefits |
| URL | https://cepr.org/publications/dp4966 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533865 |
| 推荐引用方式 GB/T 7714 | Gabrielle Demange. DP4966 On Sustainable Pay-As-You-Go Systems. 2005. |
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