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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 …
Persistent link: https://www.econbiz.de/10005025461
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2004
increase the price for basic innovations, thereby triggering more basic innovations by entrepreneurs. Consequently, the …
Persistent link: https://www.econbiz.de/10005645429
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Employee Compensation in Entrepreneurial Companies
Bengtsson, Ola; Hand, John R. M. - Institutet för Näringslivsforskning (IFN) - 2012
Despite the central role played by human capital in entrepreneurship, little is known about how employees in …
Persistent link: https://www.econbiz.de/10010818473
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Institutions and Venture Capital
Lerner, Josh; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2012
and a heavier tax burden for entrepreneurs have played a key role. …
Persistent link: https://www.econbiz.de/10010945002
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Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process
Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2008
where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as …
Persistent link: https://www.econbiz.de/10005419514
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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
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Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough
Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012
inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect …
Persistent link: https://www.econbiz.de/10010818447
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Private Equity and Employees
Olsson, Martin; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2012
Using linked employer-employee data from Sweden, a difference-in-difference approach, and 201 private equity buyouts undertaken between 1998 and 2004, we show that unemployment risk declines and labor income increases for employees in the wake of a private equity buyout. Unemployment risk...
Persistent link: https://www.econbiz.de/10010538870
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2010
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10008476275
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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