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Full-Text Articles in Business
The Dynamics Of Entrepreneurship: Hysteresis, Business Cycles And Government Policy, Emilio Congregado, Antonio A. Golpe, Simon C. Parker
The Dynamics Of Entrepreneurship: Hysteresis, Business Cycles And Government Policy, Emilio Congregado, Antonio A. Golpe, Simon C. Parker
Business Publications
This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which business cycle fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the US, while in both countries business cycle output variations significantly affect future rates of entrepreneurship. The article discusses implications of the findings for the design of entrepreneurship policies.
Ability Dispersion And Team Performance: A Field Experiment, Sander Hoogendoorn, Simon C. Parker, Mirjam Van Praag
Ability Dispersion And Team Performance: A Field Experiment, Sander Hoogendoorn, Simon C. Parker, Mirjam Van Praag
Business Publications
This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in - otherwise random - team composition is imposed by assigning individuals to teams based on their measured cognitive abilities. The setting is one of business management practices in the longer run where tasks are diverse and involve complex decision-making. We propose a model in which greater ability dispersion generates greater knowledge for a team, but also increases the costs of monitoring …