In recent decades, drastic changes in global social-economic situations have led to
significant shifts in the financial market for entrepreneurial firms, thus resulting in changes in …

A conceptual framework is proposed to examine value creation through the evolution of
business model themes. A critical assessment of the literature on business models, business …

We propose a simple explanation for the long-run decline in the US start-up rate. It
originates from a slowdown in labor supply growth since the late 1970s, largely …

The entry rate of US employer businesses has declined for more than 30 years. We use a
novel dynamic decomposition framework to show that regardless of its causes, the direct …

Declining firm entry and the aging incumbent firms have meaningful implications for sluggish
US aggregate productivity growth. We provide a framework to characterize the contributions …

We document the role of intangible capital in manufacturing firms' substantial contribution to
non-manufacturing employment growth from 1977-2019. Exploiting data on firms'" auxiliary" …

I document a significant decline in the share of entrepreneurs among US households over
the last three decades. Most of this decline is accounted for by a drop in the share of …

A start-up already at its origin has to solve the crucial existential condition that is a viable
business model. The purpose of the research is to deepen and expand the knowledge about …

Relying, wherever possible, on timely data, the paper provides evidence on four channels
through which the COVID-19 crisis has affected productivity and business dynamics across …

From 1980 to 2012 the share of US business organized as pass-through entities (for
example LLCs and S-corporations) rather than C-corporations more than doubles. We show …