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A Practical Method to Estimate Entrepreneurship's Reward

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  • Miltiades N. Georgiou

Abstract

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship´s reward. As an example, a regression, based on the estimation of entrepreneurship´s reward, with baning panel data will yield the same main results as in the article of Governance Structures, Efficiency and Firm Profitability, by E. E. Lehmann, S. Warning and J. Weigand, MPI, that firms with more efficient governance have higher profitability.

Suggested Citation

  • Miltiades N. Georgiou, 2005. "A Practical Method to Estimate Entrepreneurship's Reward," Papers on Entrepreneurship, Growth and Public Policy 2005-38, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    • Handle: RePEc:esi:egpdis:2005-38
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    File URL: ftp://papers.econ.mpg.de/egp/discussionpapers/2005-38.pdf
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    References listed on IDEAS

    as
    1. Erik Lehmann & Jürgen Weigand & Susanne Warning, 2004. "Governance Structures, Efficiency, and Firm Profitability," Papers on Entrepreneurship, Growth and Public Policy 2004-22, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
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    More about this item

    Keywords

    bank; profitability; entrepreneurship;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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