Socially responsible business formation in Ukraine

The paper reviews development process of social responsibility of business in Ukraine during transition of its economy to market. Today social responsibility of business is understood by national entrepreneurs as marketing or PR-technology, this way it is limited to social events. In this interpretation the concept can not support stable development both at micro- and macro level and provide competitive edge for enterprises in the longer term. The author suggests possible scenarios for developing of social responsibility of business in the crisis.Social responsibility, business, formation, negative factors, trends, crisis., Labor and Human Capital, Public Economics, Ðœ14, Ð13,

Business Dynamics Statistics: An Overview

Describes new measures of business dynamics at the economy-wide, broad industry, state, firm size, and firm age levels of aggregation. Outlines findings on the effects of business formation on employment growth and churn rates among young businesses

The Return of Business Creation

Freshly released government data show that new business formation rebounded in 2011, after four years of decline, from the depths of the Great Recession. This is a welcome development -- new businesses are the engine of job creation in the United States economy and an important source of innovation and productivity. Perhaps most importantly, the rise in new business formation between 2010 and 2011 was geographically dispersed throughout the United States.While the rise of new business creation in 2011 is a significant development -- it is the first annual gain in five years and the largest percentage annual increase in nearly a decade -- the bulk of this paper examines two classes of new businesses that most closely resemble entrepreneurship: companies less than one year old with one to four employees and those with fine to nine. This analysis finds that the smallest of these new firms represent most of the increase in firm formation in 2011:* New companies with one to four employees comprise the vast majority of new businesses formed each year, accounting for, on average, 86 percent of new firms since the late 1970s in the BDS data. * Job creation at new businesses of all sizes increased by 4.3 percent, and rose by 5.4 percent in new companies with one to four employees, reversing four consecutive years of decline for those smallest companies. * Companies less than one year old with one tofour employees have created, on average, more than 1 million jobs per year over the past three decades; those with five to nine employees have added, on average, half a million jobs per year. * With a promise of more detailed analysis infuture reports, this paper presents maps that illustrate the increased share of new business formation in most states and metro areas across the nation

A search-theoretic monetary business cycle model with capital formation

Search-theory has become the main paradigm for the micro-foundation of money. But no comprehensive business cycle analysis has been undertaken yet with a search-based monetary model. We extend the model with divisible goods and divisible money of Shi (JET, 1998) to allow for capital formation, analyze the monetary propagation mechanism and contrast the model's implications with US business cycle stylized facts. With empirically plausible adjustment costs the model features a persistent propagation of monetary shocks and is able to replicate fairly well the volatility and cross-correlation with output of key US time series, including sales and inventory investment. We find that monetary policy shocks are unlikely to be an important source of business cycle fluctuations but discover another dimension where money matters: the very frictions that make money essential shape also the responses of variables to real shocks

Concept of comprehensive enterprises business model in global economic environment

The effective functioning of a modern enterprise necessitates the awareness of the owners and managers of its strategic orientations, the state of the internal and external environment, its competitive advantages, entrepreneurial potential and development prospects. A well-built business model of the enterprise helps to face these urgent and permanent challenges. However, the formation of a real business model of the enterprise necessitates mastering of theoretical and methodological bases and implementation of long-term practical measures in the field of assessment, shaping, organization and control. This study offers a comprehensive business model of the enterprise that systematically identifies key factors which influence business activity of the enterprise and provide value logic for doing business in the global economic environment

Did the Cooperative Start Life as a Joint-Stock Company? Business Law and Cooperatives in Spain, 1869-1931

Studies of Spanish cooperatives date their spread from the Law on Agrarian Syndicates of 1906. But the first legislative appearance of cooperatives is an 1869 measure that permitted general incorporation for lending companies. The 1931 general law on cooperatives, which was the first act permitting the formation of cooperatives in any activity, reflects the gradual disappearance of the cooperative’s “business” characteristics. In this paper we trace the Spanish cooperative’s legal roots in business law and its connections to broader questions of the freedom of association, the formation of joint-stock enterprises, and the liability of investors in business and cooperative entities. Our account underscores the similarities of the organizational problems approach by cooperatives and business firms, while at the same time respecting the distinctive purposes cooperatives served.cooperative, general incorporation, business enterprise, freedom of association, freedom of contract

Patterns of Financing: A Comparison Between White- and African-American Young Firms

Based on Kauffman Firm Survey data, examines differences in start-up and follow-on capital injections into and capital use by firms with African-American and white owners. Explores how access to capital affects the racial gap in new business formation

EVALUATION WITHOUT BIAS: A METHODOLOGICAL PERSPECTIVE ON PERFORMANCE MEASURES FOR BUSINESS INCUBATORS

Business growth and formation are fundamental drivers of job crea-tion and economic growth. Business incubators provide a nurturing environment, through an array of business support resources and services, where entrepre-neurs, start-ups, and small businesses can commercially validate and transform their ideas and concepts into viable and tangible products and services. Despite growing attention to evaluate the performance and impact of business incuba-tors, the existing literature continues to suffer from methodological, theoretical, and empirical limitations. In particular, existing performance measures have inherent biases that lead them to underestimate the role of business incubators in entrepreneurship and economic development in economically distressed are-as, which typically face disadvantageous local economic conditions. The pur-pose of this paper is to explain the need for better performance measures and the difficulties in creating them.ECONOMICALLY DISTRESSED AREAS, BUSINESS START-UPS, BUSINESS INCUBATORS