Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24898 
Year of Publication: 
2005
Series/Report no.: 
Papers on Entrepreneurship, Growth and Public Policy No. 3805
Publisher: 
Max Planck Institute of Economics, Jena
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.
Subjects: 
bank
profitability
entrepreneurship
JEL: 
E50
L25
M13
Document Type: 
Working Paper

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