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Persistent link: https://www.econbiz.de/10010335059
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/10010320055
widely recognized that the supply of entrepreneurial talent is likely to be important for economic growth, innovation and job …
Persistent link: https://www.econbiz.de/10010320111