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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

Developing Innovative Competences in an Emerging Business System: New Private Enterprises in Hangzhou’s Software Industry

Greeven, Greeven, M.J.; Xiaodong, Xiaodong, Z. - Erasmus Research Institute of Management (ERIM), … - 2009

What kind of innovative competences are credibly developed by private entrepreneurs in China’s transition economy? On the basis of original empirical fieldwork in 45 software enterprises in Hangzhou, Zhejiang Province, we propose a working theory of innovative competence development in an...

Persistent link: https://www.econbiz.de/10010731002

Blue Ocean versus Competitive Strategy: Theory and Evidence

van Stel, André; Thurik, Roy; Burke, Burke, A.E. - Erasmus Research Institute of Management (ERIM), … - 2009

Blue ocean strategy seeks to turn strategic management on its head by replacing ‘competitive advantage’ with ‘value innovation’ as the primary goal where firms must create consumer demand and exploit untapped markets. Empirical analysis has been focused on case study evidence and so...

Persistent link: https://www.econbiz.de/10010731010

Profit Taxation, Innovation and the Financing of Heterogeneous Firms

Keuschnigg, Christian; Ribi, Evelyn - C.E.P.R. Discussion Papers - 2010

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason, profit taxes may harm innovative firms more than standard ones. This paper develops a model of heterogeneous firms where an endogenous share opts for innovation and faces credit...

Persistent link: https://www.econbiz.de/10008468605

Standardisation as a Catalyst for Innovation

Blind, Blind, K. - Erasmus Research Institute of Management (ERIM), … - 2009

Het traditionele beeld dat standaardisatie gezien wordt als een proces dat niet samengaat met innovatie is de laatste jaren veranderd. In zijn oratie laat prof.dr. Knut Blind zien dat vastgestelde normen wel degelijk kunnen bijdragen aan vernieuwingen. Vanuit economisch perspectief behandelt...

Persistent link: https://www.econbiz.de/10011141996

Acquisitions, Entry, and Innovation in Network Industries

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim Ingemar - C.E.P.R. Discussion Papers - 2013

In industries with network effects, incumbents’ installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases innovation...

Persistent link: https://www.econbiz.de/10011083667

Stages Of Discovery And Entrepreneurship

Nooteboom, Bart - Erasmus Research Institute of Management (ERIM), … - 2003

In an attempt at a systematic theory of entrepreneurship, this paper connects various literatures, from economics and … business. In economics, there are many notions of entrepreneurship, some of which seem to contradict each other. For example …, there are notions of entrepreneurship as an equilibrating and as a disequilibrating force. In this paper, these differences …

Persistent link: https://www.econbiz.de/10010837547

What Turns Knowledge into Innovative Products? The Role of Entrepreneurship and Knowledge Spillovers

Block, Joern H.; Thurik, Roy; Zhou, Zhou, H. - Erasmus Research Institute of Management (ERIM), … - 2009

The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of … entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation … outcomes. We hypothesize that a high rate of entrepreneurship facilitates the process of turning knowledge into new …

Persistent link: https://www.econbiz.de/10010730854

The Locus of Innovation in Small and Medium-sized Firms: The Importance of Social Capital and Networking in Innovative Entrepreneurship

Hulsink, Hulsink, W.; Elfring, Elfring, T.; Stam, Stam, W. - Erasmus Research Institute of Management (ERIM), … - 2008

Social networks matter in the innovation processes of young and small firms, since ‘innovation does not exist in a vacuum (Van De Ven, 1986: 601).’ The contacts a firm has could both generate advantages for further innovation and growth, and disadvantages leading to inertia and stagnation....

Persistent link: https://www.econbiz.de/10010731467

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

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 firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605