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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

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

The organization of the innovation industry : entrepreneurs, venture capitalists, and oligopolists

Norbäck, Pehr-Johan; Persson, Lars - In: Journal of the European Economic Association 7 (2009) 6, pp. 1261-1290

Persistent link: https://www.econbiz.de/10003997611

Are High-Growth Firms Overrepresented in High-Tech Industries?

Daunfeldt, Sven-Olof; Elert, Niklas; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2015

It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...

Persistent link: https://www.econbiz.de/10011211884

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

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

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

Using Self-employment as Proxy for Entrepreneurship: Some Empirical Caveats

Bjuggren, Carl Magnus; Johansson, Dan; Stenkula, Mikael - Institutet för Näringslivsforskning (IFN) - 2010

Research on entrepreneurship has received an increased amount of interest in recent years, with self-employment being … used as the most common proxy for “entrepreneurship” in empirical studies. However, there are various ways of defining self …

Persistent link: https://www.econbiz.de/10008511660

Firm Growth, Institutions and Structural Transformation

Henrekson, Magnus; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2010

This essay argues that the economic contribution of certain firms – be they small, young or rapidly growing – has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated...

Persistent link: https://www.econbiz.de/10008520887

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