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Innovation stimulates and facilitates entrepreneurship because the highest levels of entrepreneurship are to be found … promotes the emergence of new entrepreneurs. Positive outcomes can be generated by the implementation of innovation leaders to …
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External finance is a central issue for innovative nascent ventures. In this study, we argue that innovative nascent ventures may use patents to signal appropriability and prototypes to signal feasibility to potential investors. Using new data on 906 nascent ventures, we find that nascent...
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innovation to the financiers through patenting and prototyping activities, right in the early stages of the venture. We build a …
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