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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 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

Boyan Jovanovic : recipient of the 2019 Global Award for Entrepreneurship Research

Minniti, Maria; Andersson, Martin; Braunerhjelm, Pontus; … - In: Small business economics : an entrepreneurship journal 53 (2019) 3, pp. 547-553

Persistent link: https://www.econbiz.de/10012269713

Entrepreneurial experimentation : a key function in systems of innovation

Lindholm, Åsa; Andersson, Martin; Carlsson, Bo - In: Small business economics : an entrepreneurship journal 53 (2019) 3, pp. 591-610

Persistent link: https://www.econbiz.de/10012269724

Hernando de Soto : recipient of the 2017 Global Award for Entrepreneurship Research

Andersson, Martin; Waldenström, Daniel - In: Small business economics : an entrepreneurship journal 49 (2017) 4, pp. 721-728

Persistent link: https://www.econbiz.de/10011793264

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

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

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