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The Impact of Workers’ Compensation Laws on Entrepreneurial Activity
Full text linkGovernment policy that aims to stimulate business activity often overlooks its indirect impacts on entrepreneurial entry. In particular, the role of free time, especially in concert with liquidity con-straints, remains an underexplored factor. In this paper, we exploit two exogenous shocks to workers’ free time to furnish plausibly causal effects on entrepreneurial activity: (random) injury and the 2011 amendments to the Illinois workers’ compensation laws. Utilizing a two-way fixed effects estimation, we find that as workers’ compensation becomes less generous, i.e., by limiting both financial resources and an employee’s time away from work, entrepreneurial activity within a specific geographical region is significantly reduced. Thus, we provide evidence of an unin-tended and negative impact on entrepreneurial activity caused by an indirect policy change. Fur-ther, this result unduly affects the recently injured or otherwise disabled. Our results are robust to alternative specifications and data sources, suggesting an important incidence of compensa-tory insurance regulation on entrepreneurial activity and, as a result, important considerations for future policymaking.
Workers’ compensation is a state-level program that provides replacement wages to workers in-jured on the job. In 2011, amendments to Illinois’ workers’ compensation laws made this pro-gram less generous in terms of both financial benefits and time out of work. We study the impact of these amendments on entrepreneurial activity. We find that less generous workers’ compensa-tion has a large adverse effect on entrepreneurial activity because it constrains two important factors required for experimentation with entrepreneurship: financial resources and time. Our results hold up to several statistical models and controls, including local innovative and high-tech firms, as well as alternative datasets. Our findings yield important insights for policymakers in other states drafting such regulations and for researchers studying the incidence of such poli-cies.Funding for this project comes from Ministerio de Ciencia, Innovación y Universidades, convo-catoria “Generación del Conocimiento” de 2023. PID2023-148894NB-I00.YesIn proces
Say You're Sorry: How Apology Demands UndermineReconciliation by Threatening Transgressors' Power
No full textApologies are widely regarded as a crucial step in reconciliation, yet they are not always offered voluntarily. When transgressors do not apologize, victims may demand an apology to restore their sense of power. In this research, across four studies (total N = 869) we investigate how transgressors react when faced with a solicited apology. We propose that being explicitly asked to apologize decreases transgressors' feelings of power and increases transgressors' anger towards victims, ultimately leading to increased avoidance of victims. The pilot study and Study 1, utilizing a micro-narrative approach, suggested that while victims feel better after soliciting an apology, transgressors feel worse and seek to avoid the victim. In Study 2, using an experimental design, we found support for our full proposed model—transgressors have increased intentions to avoid the victim after being asked to apologize, mediated by the feeling of less power, but more anger. Study 3 replicated the significant serial mediation, this time using a dictator game design in which the real-time behavioral reactions of participants were examined. In Study 4, we tested whether transgression responsibility represents a boundary condition for the proposed serial mediation process. Together, these findings challenge the prevailing assumptions about the positive role of apologies and reveal a paradox: soliciting apologies may undermine the very reconciliation it aims to achieve, particularly when responsibility is ambiguous, contested, or not fully acknowledged by the transgressor.This paper was partially funded by MICIU/AEI/10.13039/501100011033/FEDER, UE, Grant No. PID2024‐161318NB‐I00 & MCIN /AEI /10.13039/501100011033 / FEDER, UE Grant No. PID2021-126435NB-C22.YesPublishe
Digitalización y sociedades. La constitución en línea de las sociedades de responsabilidad limitada
No full textLa Directiva (EU) 2019/1151 del Parlamento Europeo y del Consejo es el punto de partida de la digitalización en materia de derecho de sociedades en España. La regulación de la sociedad limitada constituida mediante aportaciones dinerarias y en línea permite, por primera vez en nuestro ordenamiento, la constitución de este tipo societario sin estar en presencia física de un notario. De éste y de otros actos societarios nos ocupamos en este trabajo, desde el punto de vista de la digitalización.yesForthcomin
From Institutional Repositories to Global Access: RECOLECTA’s Strategic Role in Open Science
No full text-NoPublishe
Tres ensayos sobre las múltiples dimensiones de la movilidad y el espíritu emprendedor
Full text linkEntrepreneurship does not occur in isolation but unfolds within broader and evolving structural contexts. While prior research has emphasized the influence of family, organizations, and institutions on entrepreneurial behavior, it has often treated such contexts as static. Yet, individuals’ environments are inherently dynamic, shaped by ongoing transitions in their geographic locations, social standings, and occupational roles. These forms of mobility alter access to resources, risk preferences, and career trajectories, thereby reshaping entrepreneurial motivations and outcomes. Despite growing recognition that mobility influences individual agency and decision-making, research has largely overlooked how mobility-induced transformations shape entrepreneurial engagement and success.
This dissertation addresses this gap by examining entrepreneurship through the lens of multi-dimensional mobility. Drawing on migration studies, social mobility research, and labor market theories, it comprises three interrelated essays. The first investigates how immigrant entrepreneurs navigate transnational family responsibilities and how this dynamic affects venture performance, emphasizing the role of geographic mobility. The second explores how intergenerational downward mobility influences entrepreneurial entry, conceptualizing entrepreneurship as a status-restoration response to social mobility challenges.
The third examines career transitions after entrepreneurship, focusing on how different forms of entrepreneurial human capital (i.e., generalist versus specialist) affect reemployment prospects within organizations, contributing to research on occupational mobility.
Together, these essays conceptualize entrepreneurship as both a consequence of and a response to shifting mobility trajectories. By integrating geographic, social, and occupational dimensions of mobility, the dissertation advances a dynamic understanding of entrepreneurship that bridges structural and individual perspectives, highlighting how individuals adapt their entrepreneurial paths to evolving social and economic environments.Naldi, Lucia (PRESIDENTE)Giarratana, Marco (SECRETARIO)Deeds, David (VOCAL)Publishe
Open Science Meet & Greet: Open Access Fundamentals
Full text linkThis presentation introduces the core principles of Open Access within the Open Science framework. It outlines mandates for immediate access to publications and data, aligned with FAIR principles. Researchers must ensure transparency through open metadata and retain IP rights for compliance. Options for Open Access include self-archiving and covering APCs when budgeted. IE University supports this through its institutional repository, enhancing visibility and impact. The repository accepts various document versions and ensures long-term preservation. Creative Commons licensing and proper metadata are essential for repository contributions. The IE Library offers guidance and tools to help researchers meet Open Access requirements.yesPublishe
Populism in Power and Different Models of Democracy
Full text linkPopulism is both prolific and resilient. By now, populist forces around the globe have managed to enter the highest echelons of power (Rovira Kaltwasser and Taggart 2016). It is no wonder that the contemporary academic debate has shifted its focus to exploring the consequences of populism in power, particularly its impact on democracy. Although populism and democracy are not synonymous, the representation of “the people” is a central claim to both. Most populism scholars agree that “all forms of populism without exception involve some kind of exaltation of and appeal to ‘the people’” (Canovan 1981, 94). However, depending on which democratic ideas are emphasized over others—as well as which political practices and structures are favored to institutionalize these ideas (Dahl 1991; Held 2006; Lijphart 2012)—the basic tenet of the “rule by the people” may have many different meanings.yesPublishe
Lo Que Sube, Debe Bajar: Una Exploración del Hype en el Emprendimiento y la Financiación de Nuevos Emprendimientos
Full text linkThis dissertation advances scholarship on entrepreneurial hype by offering a comprehensive analysis of its origins, mechanisms, and consequences across entrepreneurial ventures, venture capital markets, and investor decision-making. Drawing on interdisciplinary insights from entrepreneurship, sociology of expectations, and behavioral finance, the research comprises three interconnected studies that collectively unpack the nuanced dynamics underlying hype phenomena. The first study synthesizes existing literature from entrepreneurship and innovation studies to conceptualize hype as an expectation-driven process manifesting at venture, industry, and market levels. It identifies hype as both a strategic tool entrepreneurs deploy to secure resources and legitimacy, and as a broader market-level dynamic influencing industry trajectories and capital flows. The second study empirically investigates the highly financialized, disruption-oriented, and fast-growing entrepreneurial model that has has become the center of attention for scholars and the public, and its financial cornerstone, venture capital, positioning them as socio-technical systemts subject to hype cycles. Through qualitative analysis of public discourse over two decades, it reveals the instability and contestation underlying what is typically perceived as a dominant entrepreneurial paradigm, contributing to debates around sustainability and ethical challenges inherent to this approach to entrepreneurship. The third study employs experimental methods to examine how counterfactual emotions, particularly fear of errors of commission (investing incorrectly) and omission (missed opportunities), influence early-stage investment decisions. Findings reveal that potential regret associated with commission errors significantly curtails investor willingness to commit capital, illuminating how emotional and social dynamics critically shape investor behavior under conditions of uncertainty. Together, these chapters provide novel theoretical and practical insights, emphasizing the interplay between entrepreneurial narratives, investor cognition, and socio-economic environments. The dissertation not only deepens the understanding of entrepreneurial hype but also informs stakeholders on navigating the delicate balance between leveraging and mitigating hype within contemporary entrepreneurial ecosystems.yesPublishe