Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series最新文献

{"title":"Local Office With Soul: Business Models of Coworking Spaces in Switzerland","authors":"Vu Thi Thao, Widar von Arx, Nada Endrissat","doi":"10.2139/ssrn.3881035","DOIUrl":"https://doi.org/10.2139/ssrn.3881035","url":null,"abstract":"In recent years, coworking spaces have not only rapidly increased in cosmopolitan cities, they have been also emerged in rural areas. At the same time, the research interest in coworking spaces privileges cities and urban centres. That means existing research leaves the phenomenon coworking spaces in rural areas largely unexplored. Moreover, in the current scholarship discourse, there is little known about how business models of coworking spaces in rural areas work, given their location disadvantages. Therefore, to fill in this gap in the literature, this current paper adopts a mixed method approach to investigate the similarities and differences of business models in rural and urban areas, with a special focus on value creation, the roles of community hosts, and the evolution of business models. Drawing upon a case study of coworking spaces in Switzerland, our findings highlight that coworking spaces in rural areas adopt different positioning strategy and revenue generation to exploit the advantages of their location.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124135449","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainable Business Models: A Review","authors":"Saeed Nosratabadi, Amir Mosavi, S. Shamshirband, E. Zavadskas, A. Rakotonirainy, K. Chau","doi":"10.2139/ssrn.3706127","DOIUrl":"https://doi.org/10.2139/ssrn.3706127","url":null,"abstract":"During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132118547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Valuation for Early-Stage Technology Companies","authors":"Kingsley Jones","doi":"10.2139/ssrn.3596659","DOIUrl":"https://doi.org/10.2139/ssrn.3596659","url":null,"abstract":"The valuation of early-stage technology companies is challenging due to: the lack of clear operating history; disruptive new business models; a rapidly changing landscape for new entrants; and the unpredictable competitive push-back of powerful incumbent players. Revenue based multiples are standard, but these need to be reconciled with a terminal valuation stuck on profitability. There is a simple method to do this, we call it the \"Golden Rule\", which embodies simple accounting identities that tie present value via sales uplift over five years to a future profit number struck on net margin. This can be used to square valuations against differing profitability metrics by industry.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125430486","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Overheads Cost Management in Condominium Construction Project in Thailand","authors":"Vichian Puncreobutr, Jitrapun Pusapukdepop, Yongyut Khamkhong","doi":"10.2139/ssrn.2970414","DOIUrl":"https://doi.org/10.2139/ssrn.2970414","url":null,"abstract":"Objectives of this research are to study expenses and overheads cost in condominium construction project, factors that effect to the overheads cost in condominium construction project and the effectiveness of the overheads management in condominium construction project in Thailand. Thus, researcher studied this research with qualitative research by applying the method of non-participant observation, participant observation and in-depth interview. Researcher entered into research field by being consultant member of the collective data team during the month of October 2016 – March 2017. \u0000Thus, research results found that: \u00001) Condominium construction project expenses are consisted of 54.17% for materials, 24.41% for labors wages, 13.83% for overheads cost and 7.59% for profits and taxes. \u00002) Overheads cost in condominium construction project are consisted of employment overheads cost, field operation overheads cost, offices overheads cost and insurance overheads cost. \u00003) Factors that effect to the overheads cost in condominium construction project are consisted of the inappropriateness of the main planning schedule work, day offs from various holiday seasons, political situations, the competition situation of real estate constructions, quality and contractor’s construction work and the financial economic risk and governmental policies. \u00004) Effectiveness of overheads cost management in condominium construction project in thailand is consisted of administration of scopes of work management, budget management, lateness management and risk management.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132406332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of State Foreclosure and Bankruptcy Laws on Higher-Risk Lending: Evidence from FHA and Subprime Mortgage Originations","authors":"Qianqian Cao, Shimeng Liu","doi":"10.2139/ssrn.2586873","DOIUrl":"https://doi.org/10.2139/ssrn.2586873","url":null,"abstract":"State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and bankruptcy proceedings and therefore impact on lenders’ exposure to credit risk. This paper seeks to understand the effects of these state laws on the type of mortgages originated. The empirical identification is based on state-level variations in foreclosure and bankruptcy provisions and a border estimation strategy. We find that higher-risk loans (FHA and subprime loans) are more likely to be originated in a state with lender-friendly foreclosure laws. Also, higher-risk loans are less likely to be originated in a state with a more generous bankruptcy homestead exemption. In addition, our results are consistent with the idea that FHA and subprime loans share a very similar clientele and are close substitutes. These results are robust without the ordering assumption among conventional prime, FHA and subprime loans.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117255038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Особенности Экономического Поведения Малого Предприятия Швейного Производства Как Производителя Штучного Продукта и Его Потребителя (Features Economic Behavior of a Small Business as a Manufacturer of Clothing Manufacture and Piece Goods to the Consumer)","authors":"Anatoli Tyazhov, Mikhail Zhigalov","doi":"10.2139/SSRN.2586771","DOIUrl":"https://doi.org/10.2139/SSRN.2586771","url":null,"abstract":"Russian Abstract: Малые предприятия, занятые швейным производством, осуществляют изготовление штучного продукта по заказам потребителей. Особенность отношений «производитель-потребитель» носит договорный характер, что и является особенностью штучного производства.English Abstract: Small businesses engaged in clothing industry, the manufacture of the product piece on the orders of consumers. Features of the relation \"producer-consumer\" is contractual in nature, and that is a feature piece production.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"176 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125181128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Origins of Southern Equity Crowdfunding: The Rise of the Textile, Tobacco, and Furniture Industries in North Carolina after the Civil War","authors":"Laurie Thomas Vass","doi":"10.2139/SSRN.2372595","DOIUrl":"https://doi.org/10.2139/SSRN.2372595","url":null,"abstract":"Within the broad historical interpretation of economic development in North Carolina, there are two competing views about the correct interpretation of facts regarding the origins of capital that fueled North Carolina's manufacturing industry. As W. J. Cash pointed out, what happened economically in North Carolina also happened in every other Southern state, almost exactly.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128919835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Amsterdam Rent Index: The Housing Market and the Economy, 1550-1850","authors":"Piet Eichholtz, S. Straetmans, Marcel A.J. Theebe","doi":"10.2139/ssrn.2158624","DOIUrl":"https://doi.org/10.2139/ssrn.2158624","url":null,"abstract":"The paper investigates the long run historic development of the Amsterdam rental housing market (1550-1850). Using rent data on a large cross section of residential properties in Amsterdam we are able to develop an annual constant-quality rent index for the entire time period. Whereas nominal rents nearly tripled over the considered sample period, average Amsterdam house rents, in real terms, had approximately the same level in 1850 as they exhibited in 1550. Otherwise stated, nominal rents and goods prices rose at the same pace. Over these 301 years, the real index moves between a minimum level of 45.6 and a maximum of 162.4. As concerns the relation between the housing market and the real economy, we find empirical evidence that fluctuations in rents and fluctuations in proxies of business cycle activity comove, both in nominal and in real terms.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125465796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Vocational Education/Training: Reduce the Fissure between the Education and Entrepreneur","authors":"Viswanadha Gupta Puvvada","doi":"10.2139/ssrn.2034184","DOIUrl":"https://doi.org/10.2139/ssrn.2034184","url":null,"abstract":"The aim of the paper to understandings to bridge the gap between employment opportunities and the vocational skills and knowledge base of the unemployed youth in the country and therefore, help them to get suitable employment opportunities. The findings and analyses provide a conceptualization of strategies to upgrade and enhance the relevance of vocational skills training and to improve access to skills. The study presents critical factors include macro-economic policies to maximize opportunities for pro-poor employment growth, an enabling environment for sustainable enterprise development, social dialogue and fundamental investments in basic education. Improving people’s skills is a real ‘win, win’ for all – for the economy, for society, for employers and, of course, for individuals themselves. Vocational education is a catchy buzzword that encompasses a variety of educational endeavors that try to promote behavior change among young people. The concept of Vocational Education is usually a mix of communication, negotiation and coping skills, which can vary from time management to refusal and assertion skills and so on.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"65 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133309136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Housing, Wealth Composition and Expected Stock Return","authors":"Daxuan Zhao, T. Sing","doi":"10.2139/ssrn.1843125","DOIUrl":"https://doi.org/10.2139/ssrn.1843125","url":null,"abstract":"This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and consumption good. As consumption good, housing introduces housing expenditure share as a novel risk factor. As an asset, it is the major component of wealth with financial asset. The fluctuation of aggregate housing-financial wealth ratio, as a consequence of irrational housing market, impacts the budget constraints of households. It increases household's exposure to risk and shifts the conditional distribution of consumption growth. Using aggregate data for the United States, we find that the fluctuation of housing-financial wealth ratio is a strong predictor for expected stock return. Conditional on this factor, the covariances of returns with aggregate risk factors explain high ratio of the cross-sectional variation in annual size and book-to-market portfolio returns. The micro mechanism of this asset pricing model is also supported by the micro data from subprime crisis.","PeriodicalId":124392,"journal":{"name":"Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130182025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}