A Practical Method to Estimate Entrepreneurship's Reward

Miltiades N. Georgiou

Papers on Entrepreneurship, Growth and Public Policy from Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group

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.

Keywords: bank; profitability; entrepreneurship (search for similar items in EconPapers)
JEL-codes: E50 L25 M13 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2005-12
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