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We provide new evidence on the effects of competition on incumbents' innovative behavior by examining the rise of FinTech start-ups over the period 2000-2016. We employ machine learning techniques to classify a large global sample of patent applications into five FinTech categories. We exploit...
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We present a novel theory that immigrants facilitate innovation and entrepreneur-ship by being willing and able to … observationally equivalent natives. Areas with large numbers of im-migrants may therefore lead to more entrepreneurship and innovation …
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is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be persistent. This …
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innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …
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