job creation, expansion and innovation activities for up to 40 months after business formation. Using self … innovation and expansion activities. In a next step, we examine three underlying motivational categories that we term opportunity …, career ambition, and necessity. We show that individuals driven by opportunity motives perform better in terms of innovation …

well as growthoriented outcomes such as job creation and innovation. We find statistically significant and economically … stronger when focusing on the growth-oriented outcome of innovation. Furthermore, we observe that generalized self-efficacy is …

the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …