In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of … more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm … performance. Using longitudinal data, we find large and sustained effects of entrepreneurs at all levels of the performance …

more such innovations by entrepreneurs. Consequently, a venture capital market implies that more innovations are created …

taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market … entrepreneurial entry and pro-entrepreneurial policies make foreign entrepreneurs less aggressive. Using the World Bank Doing Business … database, we find evidence that international openness reduces barriers to entry for new entrepreneurs and that the effect is …

routinized phase where innovation takes place within top-performing incumbents; (3) a second entrepreneurial phase characterized … routinization, in which no further innovation takes place, but is instead a phase of structural change. Using data on 74 West German …

entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981 … entrepreneurship may be an important new approach to promoting economic growth. …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship … hinges on risk tolerance and patience. Parents expecting their children to become entrepreneurs have an incentive to instill …