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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...

Persistent link: https://www.econbiz.de/10005025461

Where Schumpeter was Nearly Right - The Swedish Model and Capitalism, Socialism and Democracy

Henrekson, Magnus; Jakobsson, Ulf - Institutet för Näringslivsforskning (IFN) - 2000

entrepreneurship waned in importance, the general public grew increasingly hostile towards capitalism, and by the late 1970s explicit … increasingly predominant, did not foresee the revival of entrepreneurship that took place in the Western countries around 1980. …

Persistent link: https://www.econbiz.de/10005419535

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006

We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...

Persistent link: https://www.econbiz.de/10005419538

The Transformation of Ownership Policy and Structure in Sweden: Convergence towards the Anglo-Saxon Model?

Henrekson, Magnus; Jakobsson, Ulf - Institutet för Näringslivsforskning (IFN) - 2001

We investigate the dramatic transformation of ownership policies and ownership structure in Sweden during the postwar period. After WWII, Swedish ownership policies were guided by a socialist vision where the ultimate goal was abolition of private ownership. These policies came to an end in the...

Persistent link: https://www.econbiz.de/10005645291

The Political Economy of Entrepreneurship: An Introduction

Douhan, Robin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2007

In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue …, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance … the selected articles also show that the social value of entrepreneurship must be evaluated as it is realized. Three …

Persistent link: https://www.econbiz.de/10005645310

Competencies and Institutions Fostering High-growth Firms

Henrekson, Magnus; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2008

High-growth firms (HGFs) are critical for net job creation and economic growth. We analyze HGFs using the theory of competence blocs, linking firm growth to property rights and the interaction of complementary expertise. Specifically, we discuss how the institutional framework affects the...

Persistent link: https://www.econbiz.de/10005645380

Commercialization of Swedish Patents – A Pilot Study in the Medical and Hygiene Sector

Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 2002

In this paper, I analyze the commercialization of patents in the Swedish medicine & hygiene sector. A unique database makes it possible to use a new method, where I follow the commercialization process of individual patents. A surprisingly low share (10%) of the inventions was discovered at...

Persistent link: https://www.econbiz.de/10005645394

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004

The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...

Persistent link: https://www.econbiz.de/10005645429

The Political Economy of Entrepreneurship

Douhan, Robin; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2007

entrepreneurship/small business, public choice and new institutional economics. The entrepreneurial function is shown to depend … influenced by entrepreneurs. A typology of entrepreneurship is developed to further our understanding of the bilateral effects …

Persistent link: https://www.econbiz.de/10005645430

Inheritance Taxation in Sweden, 1885–2004: The Role of Ideology, Family Firms and Tax Avoidance

Henrekson, Magnus; Waldenström, Daniel - Institutet för Näringslivsforskning (IFN) - 2014

This paper studies the evolution of Swedish inheritance taxation since the late nineteenth century to its abolition in 2004. Our contribution is twofold. First, we compute the annual effective inheritance tax rates for different sizes of bequests, if the inherited assets were family firm equity...

Persistent link: https://www.econbiz.de/10010818331