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Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...
Persistent link: https://www.econbiz.de/10010261490
To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding...
Persistent link: https://www.econbiz.de/10010261491
entrepreneurship on the economic performance of that region. While the emergence of a statistical link between economic performance and …-tually influence economic performance by generating more entrepreneurial activity. The purpose of this paper is explicitly link these …-ship capital has a positive impact on regional economic performance. …
Persistent link: https://www.econbiz.de/10011279540
The neoclassical model of the production, as applied by Robert Solow to built the neoclassical model of growth, linked labor and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. In this paper we introduce a new factor,...
Persistent link: https://www.econbiz.de/10010261483
entrepreneurship on the economic performance of that region. While the emergence of a statistical link between economic performance and … actually influence economic performance by generating more entrepreneurial activity. The purpose of this paper is to explicitly … capital has a positive impact on regional economic performance. …
Persistent link: https://www.econbiz.de/10010261498