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dc.contributor.authorHvide, Hans K.
dc.date.accessioned2006-07-13T07:26:23Z
dc.date.available2006-07-13T07:26:23Z
dc.date.issued2004-06
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/163667
dc.description.abstractA theory is proposed where the pay policy and size of established firms are determined together with individual workers' entrepreneurship decision. The main results are twofold. First, taking the firm size as given, larger firms tend to have less flexible wages and produce entrepreneurs of higher quality than small firms. Second, making firm size edogenous, we find that stronger property rights makes the optimal firm size larger (and the average quality of entrepreneurs higher). To illustrate the theory, we consider two sources of evidence: data on the quality of entrepreneurs from a survey of Stanford MBA alumnus, and the evolution of firm size in the U.S. Software Industry after a recent strengthening in software patent protection. Both hypotheses receive encouraging support.en
dc.format.extent348645 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2004:9en
dc.subjectentrepreneurshipen
dc.subjectinnovationen
dc.subjectIPPen
dc.subjectprivate benefitsen
dc.subjectproperty rightsen
dc.subjectspin-offsen
dc.subjectstart-upsen
dc.titleFirm size and the quality of entrepreneursen
dc.typeWorking paperen


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