Now showing items 1-14 of 14

    • Agglomerative Forces and Cluster Shapes 

      Kerr, William Robert; Kominers, Scott Duke (Massachusetts Institute of Technology Press (MIT Press), 2014-10-28)
      We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction ...
    • Clear and Present Danger: Planning and New Venture Survival amid Political and Civil Violence 

      Hiatt, Shon Russell; Sine, Wesley (Wiley-Blackwell, 2014)
      Although entrepreneurs constitute a key economic driving force for many countries, they often face unstable environments due to violence and civil unrest. Yet, we know very little about how environments characterized by ...
    • The Disintermediation of Financial Markets: Direct Investing in Private Equity 

      Fang, Lily; Ivashina, Victoria; Lerner, Joshua (Elsevier, 2015-02-19)
      We examine twenty years of direct private equity investments by seven large institutions. These direct investments perform better than public market indices, especially buyout investments and those made in the 1990s. ...
    • Entrepreneurial Imagination and a Demand and Supply-side Perspective on the MNE and Cross-border Organization 

      Jones, Geoffrey G.; Pitelis, Christos (Elsevier, 2015)
      This article explores the role of entrepreneurial imagination on the international expansion of multinational enterprises. The focus is on supply- and demand-side factors that help explicate cross-border expansion. The ...
    • Entrepreneurship and Urban Growth: An Empirical Assessment with Historical Mines 

      Glaeser, Edward Ludwig; Kerr, Sari Pekkala; Kerr, William Robert (Massachusetts Institute of Technology Press (MIT Press), 2014-05-13)
      Measures of entrepreneurship, such as average establishment size and the prevalence of start-ups, correlate strongly with employment growth across and within metropolitan areas, but the endogeneity of these measures bedevils ...
    • Entrepreneurship as Experimentation 

      Kerr, William Robert; Nanda, Ramana; Rhodes-Kropf, Matthew (American Economic Association, 2014)
      Entrepreneurship research is on the rise, but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed, and ...
    • Labor Regulations and European Venture Capital 

      Bozkaya, Ant; Kerr, William Robert (2013-05-31)
      European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms ...
    • Local Industrial Structures and Female Entrepreneurship in India 

      Ghani, Ejaz; Kerr, William Robert; O'Connell, Stephen D. (2013-05-31)
      We analyze the spatial determinants of female entrepreneurship in India in the manufacturing and services sectors. We focus on the presence of incumbent female-owned businesses and their role in promoting higher subsequent ...
    • Political Reservations and Women’s Entrepreneurship in India 

      Ghani, Ejaz; Kerr, William Robert; O'Connell, Stephen D. (Elsevier, 2014-10-28)
      We quantify the link between the timing of state-level implementations of political reservations for women in India with the role of women in India's manufacturing sector. While overall employment of women in manufacturing ...
    • Spatial Determinants of Entrepreneurship in India 

      Ghani, Ejaz; Kerr, William Robert; O'Connell, Stephen (Taylor & Francis, 2013-10-07)
      We analyze the spatial determinants of entrepreneurship in India in the manufacturing and services sectors. Among general district traits, quality of physical infrastructure and workforce education are the strongest ...
    • Taxation, Corruption, and Growth 

      Aghion, Philippe; Akcigit, Ufuk; Cage, Julia; Kerr, William Robert (Elsevier, 2016)
      We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire ...
    • U.S. High-Skilled Immigration, Innovation, and Entrepreneurship: Empirical Approaches and Evidence 

      Kerr, William Robert (2014-01-13)
      High-skilled immigrants are a very important component of U.S. innovation and entrepreneurship. Immigrants account for roughly a quarter of U.S. workers in these fields, and they have a similar contribution in terms of ...
    • Wisdom or Madness? Comparing Crowds with Expert Evaluation in Funding the Arts 

      Mollick, Ethan; Nanda, Ramana (Institute for Operations Research and the Management Sciences (INFORMS), 2016-06)
      In fields as diverse as technology entrepreneurship and the arts, crowds of interested stakeholders are increasingly responsible for deciding which innovations to fund, a privilege that was previously reserved for a few ...
    • With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship 

      Lerner, Joshua; Malmendier, Ulrike (Oxford University Press (OUP), 2013)
      To what extent do peers affect our occupational choices? This question has been of particular interest in the context of entrepreneurship and policies to create a favorable environment for entry. Such influences, however, ...