Showing 1 - 6 of 6
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005090583
This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United … States over the last 150 years. According to the "new growth theory", investments in knowledge and human capital generate … economic growth via spillovers of knowledge. But the theory does not explain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10005090491
In this paper the profitability of German car manufacturing firms is related to different indicators for the knowledge … information about the kind of exit of the firms is exploited to construct a latent profitability variable. Knowledge is … knowledge is significantly positively related to firm profitability and that each of the three knowledge forms exerts an …
Persistent link: https://www.econbiz.de/10005105645
innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10005090597
knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity. Therefore, a … approach that links instrumental variable estimation with the Cox regression. The main results are that all three knowledge …
Persistent link: https://www.econbiz.de/10005105644
Knowledge is one of the most important determinants in single-industry studies of firm survival over the life cycle …. Different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity … positively influence the survival chances of firms. This paper investigates how the kinds of knowledge are able to compensate for …
Persistent link: https://www.econbiz.de/10005105647