A Practical Method to Estimate Entrepreneurship's Reward
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.
|Date of creation:||Dec 2005|
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- 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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