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Venture capitalists, asymmetric information and ownership in the innovation process
Fabrizi, Simona (contributor) - 2008
where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as … ; entrepreneurs ; signaling ; development ; M&A …
Persistent link: https://www.econbiz.de/10003774795
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10009691699
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...
Persistent link: https://www.econbiz.de/10003843246
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Do tax loss restrictions distort venture capital funding of start-ups?
Bührle, Anna Theresa - 2021 - This version: January 13th, 2021
Anti-tax loss trafficking rules disallow the use of loss carryforwards after a change in ownership or activity (such as significant changes in turnover, employment, or the product portfolio). This restriction could threaten accumulated loss carryforwards of start-ups. Accounting for the...
Persistent link: https://www.econbiz.de/10012425319
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Entrepreneurial innovations and taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - 2012
growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … tax system induce entrepreneurs to choose projects with too little risk and this problem arises primarily when … entrepreneurs market their product themselves. When innovations reduce only the fixed costs of production this leads to a …
Persistent link: https://www.econbiz.de/10009530995
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Entrepreneurship and human development : a capability approach
Gries, Thomas; Naudé, Wim - 2010
that even when entrepreneurship is valued, entrepreneurs may often not match their ideas with suitable opportunities …
Persistent link: https://www.econbiz.de/10008661761
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The affective roots of resource heterogeneity : how founders' emotion regulation helps create social resources in startups
Zott, Christoph; Huy, Quy - 2010
Persistent link: https://www.econbiz.de/10008771339
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Entrepreneurship and structural economic transformation
Gries, Thomas (contributor); Naudé, Wim (contributor) - 2008
entrepreneurs and make a distinction between survivalist self-employment activities in the traditional sector, and opportunity …
Persistent link: https://www.econbiz.de/10003725597
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The jack-of-all-trades entrepreneur : innate talent or acquired skill?
Silva, Olmo (contributor) - 2006
Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual unobservable characteristics which may simultaneously...
Persistent link: https://www.econbiz.de/10003359296
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Incumbent innovation and entry by spinoff
Falck, Oliver; Heblich, Stephan - 2008
This paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants spawned from incumbents are not necessarily a threat; they can complement incumbents’ production by commercializing knowledge incumbents are not willing or able to exploit....
Persistent link: https://www.econbiz.de/10003796315