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entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …
Persistent link: https://www.econbiz.de/10005588033
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10005090583
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10005765221
This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United … States over the last 150 years. According to the "new growth theory", investments in knowledge and human capital generate … economic growth via spillovers of knowledge. But the theory does not explain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10005090491
arguable made the transition to an entrepreneurial economy in which innovation, creativity and high value added in early stage …
Persistent link: https://www.econbiz.de/10008630006
-technology industries and into new emerging knowledge-based industries. In other words, it involves innovation, industry evolution and their …The purpose of this paper is to introduce a series of articles on the links between innovation, the evolution of … Innovation, Industry Evolution and Employment published by Cambridge University Press in 1999. The continued rising unemployment …
Persistent link: https://www.econbiz.de/10005137219
is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in … innovation -- that are responsible for the pattern particular to that industry. …
Persistent link: https://www.econbiz.de/10005034460
arguable made the transition to an entrepreneurial economy in which innovation, creativity and high value added in early stage …
Persistent link: https://www.econbiz.de/10010712075
development. It is predicated on the spillover of knowledge from universities to commercialization. The literature has focused on … demand for university-based knowledge and university-developed technology. We identify links between businesses and the … university as a key conduit facilitating the spillover of knowledge using data on the Department of Energy’s Small Business …
Persistent link: https://www.econbiz.de/10011138080
The purpose of this paper is to introduce a series of articles on the linksbetween innovation, the evolution of … Innovation, Industry Evolution and Employment published by CambridgeUniversity Press in 1999. The continued rising unemployment … the former, while the continental Europeans have chosen thelatter. The purpose the thirteen articles of Innovation …
Persistent link: https://www.econbiz.de/10011256687