We empirically investigate the factors that drive the uneven regional distribution of foreign direct investment (FDI) across Chinese provinces from 1995 to 2006. We first perform a factor analysis to summarize information embodied in around 40 variables and derive four FDI determinants: ‘institutional …

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Als Turks-Nederlandse ondernemer weet Atilla Aytekin als geen ander hoeveel doorzettingsvermogen je als ondernemer nodig hebt om te kunnen slagen. Om andere ondernemers met een biculturele achtergrond te helpen, besloot hij met zijn Dutch Dream Foundation een traject te starten waarin gedurende een …

Financial constraints and risk taking are two well-established determinants of firm performance, however, no research analyzes how these variables are connected in the context of a high risk environment. Using data from microfinance clients in Tanzania, we derive a novel financial constraints measure …

Vast empirical evidence underscores that exporting firms are more productive than non-exporters. As governments accordingly pursue export-promoting policies we are interested in the firmness of these conclusions with respect to African small and medium sized enterprises (SMEs) and the influence of the …

full text via link. Firms that are internationally active are more competitive than firms that are only active in the domestic market. This research not provides insights into the international activities of small and medium sized enterprises (SMEs , in Dutch ‘MKB’), in particular from the Utrecht Region …

The effectuation of the North American Free Trade Agreement (NAFTA) in 1994 between Mexico, the United States, and Canada, can be considered one of the most radical trade experiments in history, representing a new phase in global trade policy. Perhaps the most significant aspect of NAFTA was the fact …

It is well-documented that international enterprises are more productive. Only few studies have explored the effect of internationalization on productivity and innovation at the firm-level. Using propensity score matching we analyze the causal effects of internationalization on innovation in 10 transition …

Where does entrepreneurship start? Moreover, what is so different about entrepreneurship in this New Age of innovation? What do entrepreneurs do when the world becomes more ‘flat’? According to The Entrepreneurial Society by David Audretsch something novel is happening, something only Schumpeter (1942) …

We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker’s effort nor manager’s attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a multiple-agent setting, …