http://www.merlot.org:80/merlot/ A search of MERLOT materials Copyright 1997-2013 MERLOT. All rights reserved. Fri, 24 May 2013 22:26:47 PDT Fri, 24 May 2013 22:26:47 PDT http://www.merlot.org:80/merlot/images/merlot.gif http://www.merlot.org:80/merlot/ 44 34 http://www.merlot.org/merlot/viewMaterial.htm?id=531416 To most people entrepreneurship is solely about innovation and entering a new venture. For example, Hisrich and Peters (2002) define entrepreneurship as “the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence.” According to Kuratko and Welsch (1994) “Many people now regard entrepreneurship as „pioneership? on the business frontier.” Bygrave (1994) begins with Schumpeter?s definition of an entrepreneur and continues to argue that only a few businesses would have the potential to fit Schumpeterian definition on entrepreneurship, destroying the existing economic order by introducing new product and services. Instead, he argues that “the vast majority of new businesses enter existing markets.” To him, an entrepreneur is “someone who perceives an opportunity and creates an organization to pursue it” and the entrepreneurship involves “all the functions, activities, and actions associated with perceiving opportunities and creating organizations to pursue them.” In all these discussions, exiting from a market is not considered as part of entrepreneurial activities. http://www.merlot.org/merlot/viewMaterial.htm?id=707571 ArtÍculo trata sobre los 10 principios fundamentales del MKT, según su Philip Kloter. http://www.merlot.org/merlot/viewMaterial.htm?id=511275 articulo sobre la economía pronosticada para chile 2011 http://www.merlot.org/merlot/viewMaterial.htm?id=418603 An article that describes the qualities and requirements for online learning. http://www.merlot.org/merlot/viewMaterial.htm?id=504490 המאמר סוקר את השינויים שחלו בשוק העבודה הישראלי, לגבי השתתפות נשים בכח העבודה, ומציע דרכים לשילוב הנשים על בסיס יותר שוויוני. http://www.merlot.org/merlot/viewMaterial.htm?id=531392 For the past fifty years in the United States, venture capital (VC) has provided initial funding to innovative entrepreneurial enterprises, while the European venture capital industry has only really emerged over the past decade. Using quarterly data from 1993 to 2003, this paper examines and compares the return and risk performance of venture capital funds in US and Europe. Several results are noteworthy. First, pooled venture capital returns in US and Europe are 3.273% and 0.765% (on a quarterly basis) above the CAPM market risk-adjusted returns, respectively. Second, US venture capital fund performance dominates that of Europe in all measures: mean return, total-risk adjusted return, and market-risk adjusted return. Third, the linkage between US VC fund performance and the US stock market is much stronger than the co-movement between the European VC and European stock market. Finally, the introduction of Euro.NM in 1997 has substantially enhanced the relationship between the venture capital and stock market performance in Europe. http://www.merlot.org/merlot/viewMaterial.htm?id=531410 The paper examines the liquidity risk of a private equity firm that decides to dispose of a large holding in its portfolio. As the sale takes time, it requires a careful balancing act of the exposure to the fluctuations in the market value of the investment against the large sale-induced price depression. A mean-standard deviation utility framework is an appealing decision tool for optimizing protracted asset dispositions. The firm maximizes the expected profit from the sale strategy net of the price concession minus a penalty function for exposure to the price risk, with the penalty weight related to a loss confidence interval. http://www.merlot.org/merlot/viewMaterial.htm?id=449915 Nowadays the advertising sector takes a big role on Internet. In the near future internet will be the biggest channel of the advertising world. When we say Internet advertising, Google is an advertisement market on its own. Google Adwords are the most frequent ads of Internet. Google Adwords will be the biggest and the most valuable ad channel of the near future. http://www.merlot.org/merlot/viewMaterial.htm?id=531207 This study measured the impacts of the industrial characteristics and the fiscal incentives that influenced foreign direct investment. We used the fixed effect model with a 2SLS simultaneous equation for the period of rapid economic growth from 1980 to 1996 across nine industries is Taiwan. We found that the wage and market size are positively correlated with foreign national investors, while exports are negatively correlated with overseas Chinese investors. The results also indicated that the tax holiday and the statute for the promotion of upgrading industries affect foreign national investors positively, but that R&D tax credits are ineffective. The relatively high effective tax rates may not deter investments by foreign national investors, thus providing more profitability to a region of economic growth, such as Taiwan. In addition, the profitability of overseas Chinese investors is supported by asset efficiency. http://www.merlot.org/merlot/viewMaterial.htm?id=525848 In this article we test the value proposition hypothesis of supply chain management (SCM) by examining survey results of 570 US managers. First, we find that large firms use SCM initiatives significantly more than small firms. Second, in univariate and multivariate tests, we find that SCM leads to significant improvements in asset utilization, revenue generation, and competitive performance, regardless of firm size. These two major findings suggest that managers at small firms that are not actively engaged in SCM should reevaluate their opportunity to capture the competitive benefits of SCM that many large firms currently enjoy.