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Incentives for Academic Entrepreneurship and Economic Performance: Sweden and the United States

Henrekson, Magnus; Rosenberg, Nathan - Institutet för Näringslivsforskning (IFN) - 2000

The recent 'scientification' of commercial technology has brought the interface between universities and industry into sharp focus. In particular, academic entrepreneurship, i.e., the variety of ways in which academics take direct part in the commercialization of research, is widely discussed....

Persistent link: https://www.econbiz.de/10005419527

An Innovation Policy Framework: Bridging the Gap between Industrial Dynamics and Growth

Braunerhjelm, Pontus; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2015

This paper examines policy measures that foster the creation of innovations with high inherent potential and that … simultaneously provide the right incentives for individuals to create and expand firms that disseminate such innovations in the form …

Persistent link: https://www.econbiz.de/10011118578

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

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire … developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial … for entrepreneurial innovations. We also show that venture capital can emerge in equilibrium if venture capitalists have …

Persistent link: https://www.econbiz.de/10005025461

Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2008

In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and … innovations, venture capitalists must be sufficiently more efficient in selecting innovative projects than incumbents in order to … venture capitalists increases the incentives for entrepreneurial innovations. …

Persistent link: https://www.econbiz.de/10005419514

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

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004

innovations into commercialized innovations than incumbent firms, due to strategic product market effects. In turn, this will … increase the price for basic innovations, thereby triggering more basic innovations by entrepreneurs. Consequently, the … presence of a venture capital market implies that more basic innovations are created and that these become better developed. …

Persistent link: https://www.econbiz.de/10005645429

Measuring and Modeling Innovative New Entry in Swedish Industry

Granstrand, Ove - Institutet för Näringslivsforskning (IFN) - 1985

No abstract.

Persistent link: https://www.econbiz.de/10010684521

Innovative Activity and Venture Financing: Japan, the U.S. and Europe

Rybczynski, Tad - Institutet för Näringslivsforskning (IFN) - 1989

No abstract.

Persistent link: https://www.econbiz.de/10010684540

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012

Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will choose more risky projects than incumbents, aiming to reduce their high expected marginal commercialization cost. However, entrepreneurs may select too safe projects from a social...

Persistent link: https://www.econbiz.de/10010818447

Innovative Change, Dynamic Market Allocation and Long-Term Stability of Economic Growth

Eliasson, Gunnar - Institutet för Näringslivsforskning (IFN) - 1986

Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process. Stable and sustained long-term growth in output...

Persistent link: https://www.econbiz.de/10010818448

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 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/10004964394