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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

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

Where Schumpeter was Nearly Right - The Swedish Model and Capitalism, Socialism and Democracy

Henrekson, Magnus; Jakobsson, Ulf - Institutet för Näringslivsforskning (IFN) - 2000

entrepreneurship waned in importance, the general public grew increasingly hostile towards capitalism, and by the late 1970s explicit … increasingly predominant, did not foresee the revival of entrepreneurship that took place in the Western countries around 1980. …

Persistent link: https://www.econbiz.de/10005419535

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

The Transformation of Ownership Policy and Structure in Sweden: Convergence towards the Anglo-Saxon Model?

Henrekson, Magnus; Jakobsson, Ulf - Institutet för Näringslivsforskning (IFN) - 2001

We investigate the dramatic transformation of ownership policies and ownership structure in Sweden during the postwar period. After WWII, Swedish ownership policies were guided by a socialist vision where the ultimate goal was abolition of private ownership. These policies came to an end in the...

Persistent link: https://www.econbiz.de/10005645291

The Swedish Model of Corporate Ownership and Control in Transition

Henrekson, Magnus; Jakobsson, Ulf - Institutet för Näringslivsforskning (IFN) - 2003

We analyze the development of the Swedish ownership model after World War II. The controlling ownership in Swedish firms is typically concentrated to one or two owners. Often, but not always, the controlling owners are Swedish families. Thus, the model resembles the typical corporate control...

Persistent link: https://www.econbiz.de/10005645325

The Alert and Creative Entrepreneur: A Clarification

Kirzner, Israel M. - Institutet för Näringslivsforskning (IFN) - 2008

Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research (the … entrepreneurial decisions) provides a theoretical underpinning for public policy vis-à-vis entrepreneurship. Professor Kirzner’s main … contributions to the economics of entrepreneurship were also presented and evaluated by Douhan, Eliasson and Henrekson (2007). …

Persistent link: https://www.econbiz.de/10005645376

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004

The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...

Persistent link: https://www.econbiz.de/10005645429

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012

. We also show that 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. Using Swedish patent citation data, we find empirical support for predictions of the model. …

Persistent link: https://www.econbiz.de/10010818447