Found 48 article(s) for author 'William Kerr'

From Russia with Love: The Impact of Relocated Firms on Incumbent Survival

From Russia with Love: The Impact of Relocated Firms on Incumbent Survival. William R. Kerr, May 2013, Paper. “We identify the impact of local firm concentration on incumbent performance with a quasi-natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non-economic factors and heuristics rather than existing industrial conditions…” Link Verified October 11, 2014

Tags: , , , , , , ,

Entrepreneurial Finance in Finland?

Entrepreneurial Finance in Finland? William R. Kerr, March 2013, Case. “This case describes a new venture attempting to bring early-stage entrepreneurial financing to Finland and other Nordic countries. Entrepreneurship is taking off in Finland, an area that historically has had little venture capital or high-growth start-up activity, but a gap remains for seed-stage financing. The founders are evaluating the best way to structure their private equity fund to reflect their own assets and abilities and the needs and resources of the entrepreneurial scene in the Nordics…” May require purchase or user account. Link Verified October 11, 2014

Tags: , , , , , , , , , , , , , , , , ,

Innovation, Reallocation and Growth

Innovation, Reallocation and Growth. William R. Kerr, 2013, Paper. “We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of a range of micro estimates…” Link

Tags: , , , , , , , , , , , , , , , ,

Local Industrial Structures and Female Entrepreneurship in India

Local Industrial Structures and Female Entrepreneurship in India. William R. Kerr, 2013, Paper. “We analyze the spatial determinants of female entrepreneurship in India in the manufacturing and services sectors. We focus on the presence of incumbent female-owned businesses and their role in promoting higher subsequent female entrepreneurship relative to male entrepreneurship. We find evidence of agglomeration economies in both sectors, where higher female ownership among incumbent businesses within a district-industry predicts a greater share of subsequent entrepreneurs will be female…” Link Verified October 12, 2014

Tags: , , , , , , ,

Labor Regulations and European Venture Capital

Labor Regulations and European Venture Capital. William R. Kerr, January 2013, Paper. “European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor market insurance mechanisms. Venture capital investors are especially sensitive to these labor adjustment costs. Nations favoring labor market expenditures as the mechanism for providing worker insurance developed stronger venture capital markets over 1990–2008, especially in high volatility sectors…” Link Verified October 11, 2014

Tags: , , , , , ,

The Secret to Job Growth: Think Small

The Secret to Job Growth: Think Small. Edward Glaeser, William Kerr, July 2010, Paper. “With job growth continuing to lag even as the economy picks up, local communities will be tempted to resume “smokestack chasing” – using tax breaks to attract big employers. That’s a misguided approach. Research shows that regional economic growth is highly correlated with the presence of many small, entrepreneurial employers – not a few big ones. In fact, a study of U.S. metro regions showed that cities whose number of “firms per worker” was 10% higher than the average in 1977 experienced 9%…” May require purchase or user account. Link

Tags: , , ,

Entrepreneurship and Urban Success: Toward a Policy Consensus

Entrepreneurship and Urban Success: Toward a Policy Consensus. Edward Glaeser, William Kerr, February 2008, Paper. “Like all politics, all entrepreneurship is local. Individuals launch firms and, if successful, expand their enterprises to other locations. But new firms must start somewhere, even if their businesses are conducted largely or exclusively on the Internet. Likewise, policymakers at local and state levels increasingly recognize that entrepreneurship is the key to building and sustaining their economies’ growth. Although this is a seemingly obvious proposition, it represents something of a departure from past…” Link

Tags: , ,