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A Practical Method to Estimate Entrepreneurship's Reward

  • Miltiades N. Georgiou
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    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.

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    File URL: ftp://papers.econ.mpg.de/egp/discussionpapers/2005-38.pdf
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    Paper provided by Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group in its series Papers on Entrepreneurship, Growth and Public Policy with number 2005-38.

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    Length: 12 pages
    Date of creation: Dec 2005
    Date of revision:
    Handle: RePEc:esi:egpdis:2005-38
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    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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