학술저널
Entrepreneurial Efficiency: An Empirical Framework and Evidence
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 20 No.4
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2007.12447 - 479 (32 pages)
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커버이미지 없음
This paper examines a particular aspect of entrepreneurship, namely firms' activities in adapting to idiosyncratic environmental changes by appropriately reallocating resources. It presents an empirical framework that examines the social value of firms' abilities to predict and adapt to the movement of idiosyncratic shocks. In order to demonstrate how to implement our menthod, the quantitative effect of firms' prediction ability on Tatal Factor Productivity (TFP) is investigated using semi-aggregated data from Japan's Census of Manufacturing.
Abstract
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. A Framework for an Empirical Study
Ⅳ. Evidence from Japanese Data
Ⅴ. Conclusions and Extensions
Appendix
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