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Persistence in lnnovation and Profitability
CEFiS, Elena - In: Rivista Internazionale di Scienze Sociali 111 (2003) 1, pp. 19-37
, as well as vice versa. Firm's relative position in innovation matters in the long run: the probability to earn profits …
Persistent link: https://www.econbiz.de/10010786897
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Venture Capital, Patenting, and Usefulness of Innovations
Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508
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Credit Supply Shocks and Firm Dynamics : Evidence from Brazil
Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - National Bureau of Economic Research - 2023
We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...
Persistent link: https://www.econbiz.de/10014372477
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Risk-reward trade-offs : modes of innovation and economic performance of young firms
Runst, Petrik; Thomä, Jörg - 2024
&D-oriented firms versus all others - is somewhat limited. In particular, non-R&D innovation activity should be treated as an important … engaged in non-R&D innovation grow in a less risky and costly way than R&D innovators, and that a young firm's decision … whether to engage in R&D for the purpose of innovation and growth can therefore usefully be understood as being driven by a …
Persistent link: https://www.econbiz.de/10014485556
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Innovation Effects of Science-Related Technological Opportunities, Theoretical considerations and Empirical Findings for Firms in the German Manufacturing Industry
Becker, Wolfgang; Peters, Juergen - In: Journal of Economics and Statistics (Jahrbuecher fuer … 225 (2005) 2, pp. 130-150
This paper investigates the innovation effects of science-related technological opportunities. Against the background … of theoretical Considerations about the interrelation of innovation process and adaptation of external (knowledge …) resources, the impacts of technological opportunities stemming from scientific institutions on firms' innovation input and …
Persistent link: https://www.econbiz.de/10005027155
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Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development
Karlan, Dean; Udry, Christopher; Knight, Ryan - National Bureau of Economic Research (NBER) - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10010950711
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The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico
Bruhn, Miriam; Karlan, Dean S.; Schoar, Antoinette S - C.E.P.R. Discussion Papers - 2012
We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...
Persistent link: https://www.econbiz.de/10011083751
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Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development
Karlan, Dean S.; Knight, Ryan; Udry, Christopher - C.E.P.R. Discussion Papers - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10011084680
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Failure is an option : failure barriers and new firm performance
Eberhart, Robert N.; Eesley, Charles E.; Eisenhardt, … - 2012 - Last rev.: February 27, 2012
Does an institutional change that eases exit via bankruptcy reform enhance venture growth? We take advantage of a quasi-natural experiment in Japan to examine this question. Using longitudinal data over a 10-year period, we find that bankruptcy reform not only increases the rates of bankruptcy...
Persistent link: https://www.econbiz.de/10009504443
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Demand lotteries, abandonment options and the decision to start R&D and process innovation
Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - In: Management revue : socio-economic studies 26 (2015) 1, pp. 25-51
We study different determinants of real-life R&D decisions within a net present value framework. Besides entry threat, Bertrand competition and multi-stage R&D with an abandonment option, our model includes demand uncertainty, modelled as a lottery. A lottery becomes more divergent when the...
Persistent link: https://www.econbiz.de/10011298045