The Economics of Self-Employment and Entrepreneurship
As self-employment and entrepreneurship become increasingly important in our modern economies, Simon C. Parker provides a timely, definitive and comprehensive overview of the field. In this book he brings together and assesses the large and disparate literature on these subjects and provides an up-t...
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| Format: | eBook Book |
| Language: | English |
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Cambridge ; New York
Cambridge University Press
19.02.2004
Cambridge Univ. Press |
| Edition: | 1 |
| Subjects: | |
| ISBN: | 9780521828130, 0521828139, 9780521030632, 0521030633 |
| Online Access: | Get full text |
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| Abstract | As self-employment and entrepreneurship become increasingly important in our modern economies, Simon C. Parker provides a timely, definitive and comprehensive overview of the field. In this book he brings together and assesses the large and disparate literature on these subjects and provides an up-to-date overview of new research findings. Key issues addressed include: the impact of ability, risk, personal characteristics and the macroeconomy on entrepreneurship; issues involved in raising finance for entrepreneurial ventures, with an emphasis on the market failures that can arise as a consequence of asymmetric information; the job creation performance of the self-employed; the growth, innovation and exit behaviour of new ventures and small firms; and the appropriate role for governments interested in promoting self-employment and entrepreneurship. This book will serve as an essential reference guide to researchers, students and teachers of entrepreneurship in economics, business and management and other related disciplines. |
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| AbstractList | As self-employment and entrepreneurship become increasingly important in our modern economies, Simon C. Parker provides a timely, definitive and comprehensive overview of the field. In this book he brings together and assesses the large and disparate literature on these subjects and provides an up-to-date overview of new research findings. Key issues addressed include: the impact of ability, risk, personal characteristics and the macroeconomy on entrepreneurship; issues involved in raising finance for entrepreneurial ventures, with an emphasis on the market failures that can arise as a consequence of asymmetric information; the job creation performance of the self-employed; the growth, innovation and exit behaviour of new ventures and small firms; and the appropriate role for governments interested in promoting self-employment and entrepreneurship. This book will serve as an essential reference guide to researchers, students and teachers of entrepreneurship in economics, business and management and other related disciplines. Simon C. Parker provides a timely and comprehensive overview of self-employment and entrepreneurship in our modern economy. Bringing together and assessing the large and disparate literature on the subject, he explores key issues in the field and provides an up-to-date overview of new research findings. |
| Author | Parker, Simon C. |
| Author_xml | – sequence: 1 givenname: Simon C. surname: Parker fullname: Parker, Simon C. organization: University of Durham |
| BackLink | https://cir.nii.ac.jp/crid/1130000795695902336$$DView record in CiNii http://www.econis.eu/PPNSET?PPN=370809122$$DView this record in ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften |
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| Copyright | Simon C. Parker 2004 |
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| DOI | 10.1017/CBO9780511493430 |
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| Discipline | Business Economics |
| EAN | 9780521828130 |
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| Edition | 1 1. publ. |
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| Notes | Includes bibliographical references (p. 272-307) and indexes |
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| Snippet | As self-employment and entrepreneurship become increasingly important in our modern economies, Simon C. Parker provides a timely, definitive and comprehensive... Simon C. Parker provides a timely and comprehensive overview of self-employment and entrepreneurship in our modern economy. Bringing together and assessing the... |
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| SubjectTerms | Case studies Entrepreneurship Government policy Management Managerial economics New business enterprises New business enterprises -- Management Selbstständige Self-employed Self-employed -- Government policy -- Case studies Theorie |
| TableOfContents | 10.1.1 Loan Guarantee Schemes -- Organisation -- Theoretical perspectives -- Evaluation -- 10.1.2 Other interventions -- 10.2 Taxation, subsidies and entrepreneurship: theory -- 10.3 Tax evasion and avoidance: theory -- 10.4 Taxation, tax evasion and entrepreneurship: evidence -- 10.4.1 Income under-reporting by the self-employed -- 10.4.2 Tax, tax evasion and occupational choice: econometric evidence -- 10.5 Direct government assistance and regulation -- 10.5.1 Entrepreneurship schemes targeted at the unemployed -- 10.5.2 Information-based support for start-ups -- 10.5.3 Regulation and other interventions -- 10.6 Conclusion -- NOTES -- Part IV Government policy -- 11 Conclusions -- 11.1 Summary -- 11.2 Implications for policy-makers -- NOTE -- References -- Author index -- Subject index Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- Figures -- Tables -- Preface -- Glossary of commonly used symbols -- VARIABLES -- INDEXES -- OTHER SYMBOLS -- ABBREVIATIONS OF ORGANISATIONS AND DATA-SETS -- 1 Introduction -- 1.1 Aims, motivation and scope of the book -- 1.2 Structure of the book -- 1.3 Definition and measurement issues -- 1.4 International evidence on self-employment rates and trends -- 1.4.1 The OECD countries -- 1.4.2 The transition economies of Eastern Europe -- 1.4.3 Developing countries -- 1.5 Self-employment incomes and income inequality -- 1.5.1 Incomes and relative incomes -- Measurement issues -- International evidence on relative average self-employment incomes and trends -- 1.5.2 Income inequality -- 1.5.3 Earnings functions -- Methods -- Results -- Extensions -- 1.6 Some useful econometric models -- 1.6.1 Occupational choice and probit/logit models -- 1.6.2 The structural probit model -- 1.6.3 Extensions to cross-section models of occupational choice -- 1.6.4 Issues arising from the use of time-series and panel data -- NOTES -- Part I Entrepreneurship: theories, characteristics and evidence -- 2 Theories of entrepreneurship -- 2.1 'Early' views about entrepreneurship -- 2.2 'Modern' economic theories -- 2.2.1 Introduction and some definitions -- 2.2.2 Homogeneous individuals -- Static models of risk, risk aversion and the equilibrium number of entrepreneurs -- Dynamic models of risky entrepreneurship with costly switching -- 2.2.3 Heterogeneous entrepreneurial ability -- The static Lucas model -- The dynamic Lucas model -- Variants and extensions to the Lucas model -- 2.2.4 Heterogeneous risk aversion -- 2.3 Conclusion -- NOTES -- 3 Characteristics of entrepreneurs and the environment for entrepreneurship -- 3.1 Relative earnings, human and social capital -- 3.1.1 Earnings differentials 3.1.2 Human capital -- Age and experience -- Education -- 3.1.3 Social capital -- 3.2 Personal characteristics and family circumstances -- 3.2.1 Marital status -- 3.2.2 Ill-health and disability -- 3.2.3 Psychological factors -- Entrepreneurial traits -- Love of independence and job satisfaction -- Over-optimism -- 3.2.4 Risk attitudes and risk -- 3.2.5 Family background -- 3.3 Entrepreneurship and macroeconomic factors -- 3.3.1 Economic development and changing industrial structure -- Economic development -- Changing industrial structure -- 3.3.2 Unemployment -- Cross-section evidence -- Time-series and panel data evidence -- Conclusion: reconciling the results -- 3.3.3 Regional factors -- 3.3.4 Government policy variables -- Minimum wages and employment protection -- Government benefits -- Interest rates -- The 'enterprise culture': a British myth? -- 3.4 Conclusion -- NOTES -- 4 Ethnic minority and female entrepreneurship -- 4.1 Ethnic minority entrepreneurship -- 4.1.1 Discrimination -- Employer discrimination -- Discrimination in the capital markets -- Consumer discrimination -- 4.1.2 Positive factors -- 4.1.3 Conclusion -- 4.2 Female entrepreneurship -- 4.2.1 Explaining female self-employment rates -- 4.2.2 Female self-employed earnings -- 4.2.3 Conclusion -- 4.3 Immigration and entrepreneurship -- NOTES -- Part II Financing entrepreneurial ventures -- 5 Debt finance for entrepreneurial ventures -- 5.1 Models of credit rationing and under-investment -- 5.1.1 Type I credit rationing -- 5.1.2 Type II credit rationing and under-investment -- The Stiglitz-Weiss model -- Other models of Type II credit rationing -- 5.1.3 Arguments against the credit rationing hypothesis -- 5.1.4 Conclusion: evaluating the theoretical case for credit rationing -- 5.2 Over-investment -- 5.3 Multiple sources of inefficiency in the credit market -- 5.4 Conclusion NOTES -- 6 Other sources of finance -- 6.1 Informal sources of finance -- 6.1.1 Family finance -- 6.1.2 Micro-finance schemes -- 6.1.3 Credit co-operatives, mutual guarantee schemes and trade credit -- Credit co-operatives and Roscas -- Mutual Guarantee Schemes -- Trade credit -- 6.2 Equity finance -- 6.2.1 Introduction -- 6.2.2 The scale of the equity finance market for entrepreneurs -- 6.2.3 Factors affecting the availability of equity finance for entrepreneurs -- 6.2.4 Equity rationing, funding gaps and under-investment -- 6.2.5 Policy recommendations -- 6.3 Conclusion -- NOTES -- 7 Evidence of credit rationing -- 7.1 Tests of Type I rationing -- 7.1.1 The Evans and Jovanovic (1989) model -- 7.1.2 Effects of assets on becoming or being self-employed -- 7.1.3 Effects of assets on firm survival -- 7.1.4 Effects of assets on investment decisions -- 7.2 Critique -- 7.3 Tests of Type II credit rationing -- NOTES -- Part III Running and terminating an enterprise -- 8 Labour demand and supply -- 8.1 Entrepreneurs as employers -- 8.1.1 Evidence about self-employed 'job creators' -- 8.1.2 Evidence about job creation by small firms -- 8.2 Entrepreneurs as suppliers of labour -- 8.2.1 Hours of work -- Explaining entrepreneurs' labour supply -- Ageing and entrepreneurs' labour supply -- 8.2.2 Retirement -- NOTES -- 9 Growth, innovation and exit -- 9.1 Jovanovic's (1982) dynamic selection model -- 9.2 Growth and innovation -- 9.2.1 Gibrat's Law and extensions -- 9.2.2 Evidence on growth rates -- 9.2.3 Innovation -- 9.3 Exit -- 9.3.1 Survival rates and their distribution -- 9.3.2 Two useful econometric models of firm survival -- Probit and logit models -- Hazard models -- 9.3.3 Determinants of entrepreneurial survival and exit -- 9.4 Conclusion -- NOTES -- 10 Government policy: issues and evidence -- 10.1 Credit market interventions |
| Title | The Economics of Self-Employment and Entrepreneurship |
| URI | http://dx.doi.org/10.1017/CBO9780511493430 https://doi.org/10.1017/CBO9780511493430?locatt=mode:legacy https://cir.nii.ac.jp/crid/1130000795695902336 https://ebookcentral.proquest.com/lib/[SITE_ID]/detail.action?docID=256688 http://www.econis.eu/PPNSET?PPN=370809122 https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9780511493430 https://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9781107147492&uid=none |
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