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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...

Persistent link: https://www.econbiz.de/10010877893

Financing Entrepreneurial Firms in Europe: Facts, Issues, and Research Agenda

Bottazzi, Laura; Rin, Marco da - CESifo - 2003

During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several ‘new’ equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...

Persistent link: https://www.econbiz.de/10005181296

Greasing the Wheels of Entrepreneurship? The Impact of Regulations and Corruption on Firm Entry

Dreher, Axel; Gassebner, Martin - CESifo - 2007

The paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test … requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on … entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows …

Persistent link: https://www.econbiz.de/10005181356

The Gender Gap in Entrepreneurship: Not Just a Matter of Personality

Caliendo, Marco; Fossen, Frank; Kritikos, Alexander; … - CESifo - 2014

Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …

Persistent link: https://www.econbiz.de/10010775095