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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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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