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Why entrepreneurs choose risky R&D projects : but still not risky enough
Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016
business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …
Persistent link: https://www.econbiz.de/10011549385
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Risky business : venture capital, pivoting and scaling
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2024
The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these risks differently. This paper investigates the influence of an active venture capital (VC) market on startups’ decisions regarding research and scaling. It outlines conditions...
Persistent link: https://www.econbiz.de/10014564131
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Why Entrepreneurs Choose Risky R&D Projects - but still not risky enough
Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016
business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …
Persistent link: https://www.econbiz.de/10011555580
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 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/10010291511
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The evolving domain of entrepreneurship research
Carlsson, Bo; Braunerhjelm, Pontus; McKelvey, Maureen D.; … - In: Small business economics : an entrepreneurship journal 41 (2013) 4, pp. 913-930
Persistent link: https://www.econbiz.de/10010254470
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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
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Entrepreneurial Innovations and Taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2012
Many governments promote small businesses for the dual reasons of fostering ‘breakthrough’ innovations and employment growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation project and on their mode of commercializing...
Persistent link: https://www.econbiz.de/10009399312
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 2009
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10004964394
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Risky Business: Venture Capital, Pivoting and Scaling
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2024
The creation and scaling of startups are inherently linked to risk-taking, with various types of owners handling these risks differently. This paper investigates the influence of an active venture capital (VC) market on startups’ decisions regarding research and scaling. It outlines conditions...
Persistent link: https://www.econbiz.de/10015047240
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Entrepreneurial Innovations, Entrepreneurship Policy and Globalization
Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10004963484