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Selection into Entrepreneurship and Self-Employment

Levine, Ross - 2018

We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts—and the data confirm—that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …

Persistent link: https://www.econbiz.de/10012906767

Immigrant Entrepreneurs and Innovation in the U.S. High-Tech Sector

Brown, J. David - 2019

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner characteristics and innovation activities. We find uniformly...

Persistent link: https://www.econbiz.de/10012892563

University Entrepreneurship and Professor Privilege

Färnstrand Damsgaard, Erika - 2014

This paper analyzes how institutional differences affect university entrepreneurship. We focus on ownership of faculty … commercialization; entrepreneurship or licenses to established firms, as well as on probabilities of successful commercialization. We … find that the US system is less conducive to entrepreneurship than the Swedish system if established firms have some …

Persistent link: https://www.econbiz.de/10013066279

Creativity and the Family Tree : Human Capital Endowments and the Propensity of Entrepreneurs to Patent

Link, Albert - 2014

In this paper we show that the patenting behavior of creative entrepreneurs is correlated with the patenting behavior of their fathers, which we refer to as a source of the entrepreneurs' human capital endowments. Our argument for this relationship follows from established theories of...

Persistent link: https://www.econbiz.de/10013067376

Connecting to Power : Political Connections, Innovation, and Firm Dynamics

Akcigit, Ufuk - 2018

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their productivity and to overcome certain market frictions. Our...

Persistent link: https://www.econbiz.de/10012909902

Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron - 2015

This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations—innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...

Persistent link: https://www.econbiz.de/10013018152

Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron - 2015

This paper argues that openness to new, unconventional and disruptive ideas has a first-order impact on creative innovations-innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on the choice between incremental and radical innovation,...

Persistent link: https://www.econbiz.de/10013034169

Innovation and the Financial Guillotine

Nanda, Ramana - 2015

Our paper demonstrates that while failure tolerance by investors may encourage potential entrepreneurs to innovate, financiers with investment strategies that tolerate early failure endogenously choose to fund less radical innovations. Failure tolerance as an equilibrium price that increases in...

Persistent link: https://www.econbiz.de/10013035138

Clusters of Entrepreneurship and Innovation

Chatterji, Aaron - 2014

This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United … identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation …

Persistent link: https://www.econbiz.de/10013063998

The Role of Entrepreneurial Human Capital as a Driver of Endogenous Economic Growth

Ehrlich, Isaac - 2017

Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses …

Persistent link: https://www.econbiz.de/10012948923