Documents disponibles écrits par cet auteur

Home sweet home / Michael S. Dahl in Management science, Vol. 58 N° 6 (Juin 2012) 

Public ISBD [article]  in Management science > Vol. 58 N° 6 (Juin 2012) . - pp.1059-1071 Titre : Home sweet home : Entrepreneurs' location choices and the performance of their ventures Type de document : texte imprimé Auteurs : Michael S. Dahl, Auteur ; Olav Sorenson, Auteur Année de publication : 2012 Article en page(s) : pp.1059-1071 Note générale : Management Langues : Anglais (eng) Mots-clés : Organizational  studies  Effectiveness–performance  Behavior  Economics  Econometrics Résumé : Entrepreneurs, even more than employees, tend to locate in regions in which they have deep roots (“home” regions). Here, we examine the performance implications of these choices. Whereas one might expect entrepreneurs to perform better in these regions because of their richer endowments of regionally embedded social capital, they might also perform worse if their location choices rather reflect a preference for spending time with family and friends. We examine this question using comprehensive data on Danish start-ups. Ventures perform better—survive longer and generate greater annual profits and cash flows—when located in regions in which their founders have lived longer. This effect appears substantial, similar in size to the value of prior experience in the industry (i.e., to being a spin-off). ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/58/6/1059.abstract [article] Home sweet home : Entrepreneurs' location choices and the performance of their ventures [texte imprimé] / Michael S. Dahl, Auteur ; Olav Sorenson, Auteur . - 2012 . - pp.1059-1071. Management Langues : Anglais (eng) in Management science > Vol. 58 N° 6 (Juin 2012) . - pp.1059-1071 Mots-clés : Organizational  studies  Effectiveness–performance  Behavior  Economics  Econometrics Résumé : Entrepreneurs, even more than employees, tend to locate in regions in which they have deep roots (“home” regions). Here, we examine the performance implications of these choices. Whereas one might expect entrepreneurs to perform better in these regions because of their richer endowments of regionally embedded social capital, they might also perform worse if their location choices rather reflect a preference for spending time with family and friends. We examine this question using comprehensive data on Danish start-ups. Ventures perform better—survive longer and generate greater annual profits and cash flows—when located in regions in which their founders have lived longer. This effect appears substantial, similar in size to the value of prior experience in the industry (i.e., to being a spin-off). ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/content/58/6/1059.abstract

Noncompete covenants / Sampsa Samila in Management science, Vol. 57 N° 3 (Mars 2011) 

Public ISBD [article]  in Management science > Vol. 57 N° 3 (Mars 2011) . - pp. 425-438 Titre : Noncompete covenants : Incentives to innovate or impediments to growth Type de document : texte imprimé Auteurs : Sampsa Samila, Auteur ; Olav Sorenson, Auteur Année de publication : 2011 Article en page(s) : pp. 425-438 Note générale : Management Langues : Anglais (eng) Mots-clés : Venture  capital  Financial  intermediaries  Legal  institutions  Entrepreneurship  Employment  Innovation  Wages Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : We find that the enforcement of noncompete clauses significantly impedes entrepreneurship and employment growth. Based on a panel of metropolitan areas in the United States from 1993 to 2002, our results indicate that, relative to states that enforce noncompete covenants, an increase in the local supply of venture capital in states that restrict the scope of these agreements has significantly stronger positive effects on (i) the number of patents, (ii) the number of firm starts, and (iii) employment. We address potential endogeneity in the supply of venture capital by using endowment returns as an instrumental variable. Our results point to a strong interaction between financial intermediation and the legal regime in promoting entrepreneurship and economic growth. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/57/3/425 [article] Noncompete covenants : Incentives to innovate or impediments to growth [texte imprimé] / Sampsa Samila, Auteur ; Olav Sorenson, Auteur . - 2011 . - pp. 425-438. Management Langues : Anglais (eng) in Management science > Vol. 57 N° 3 (Mars 2011) . - pp. 425-438 Mots-clés : Venture  capital  Financial  intermediaries  Legal  institutions  Entrepreneurship  Employment  Innovation  Wages Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : We find that the enforcement of noncompete clauses significantly impedes entrepreneurship and employment growth. Based on a panel of metropolitan areas in the United States from 1993 to 2002, our results indicate that, relative to states that enforce noncompete covenants, an increase in the local supply of venture capital in states that restrict the scope of these agreements has significantly stronger positive effects on (i) the number of patents, (ii) the number of firm starts, and (iii) employment. We address potential endogeneity in the supply of venture capital by using endowment returns as an instrumental variable. Our results point to a strong interaction between financial intermediation and the legal regime in promoting entrepreneurship and economic growth. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/57/3/425