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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

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

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

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

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

The starting point of this paper is that the 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...

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

Institutions and Venture Capital

Lerner, Josh; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2012

We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations,...

Persistent link: https://www.econbiz.de/10010945002

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 entrepreneurial firms are compensated and incentivized. We address this gap in the literature by studying 18,935 non-CEO compensation contracts across 1,809 privately-held venture-backed...

Persistent link: https://www.econbiz.de/10010818473

The Efficiency of Innovation Subsidies

Fölster, Stefan - Institutet för Näringslivsforskning (IFN) - 1989

State subsidies to R & D or innovative investments in firms are organized in many different ways. Examples from the plethora of extant subsidy instruments are tax incentives, grants to researchers, project grants, loans, conditional loans, and grants with royalty rights. Very little is currently...

Persistent link: https://www.econbiz.de/10011019052

The Efficiency of Innovation Subsidies

Fölster, Stefan - Institutet för Näringslivsforskning (IFN) - 1989

Persistent link: https://www.econbiz.de/10011019056

Are High-Growth Firms Overrepresented in High-Tech Industries?

Daunfeldt, Sven-Olof; Elert, Niklas; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2015

It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...

Persistent link: https://www.econbiz.de/10011211884

Patent Scope and Technology Choice

Färnstrand Damsgaard, Erika - Institutet för Näringslivsforskning (IFN) - 2009

This paper analyzes the effect of an increase in patent scope on R&D and innovation. It presents a model where patent … duplication of R&D. The model predicts that an increase in patent scope can increase the probability of innovation if the … incumbent’s profit increase from innovation is large and the patented technology has a small advantage over the alternative …

Persistent link: https://www.econbiz.de/10005207060

Entrepreneurship and the Theory of Taxation

Henrekson, Magnus; Sanandaji, Tino - Institutet för Näringslivsforskning (IFN) - 2008

entrepreneurial effort, entrepre-neurial innovation and capital investment. Because of these constraints, the entrepreneurial project …

Persistent link: https://www.econbiz.de/10005082489

Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy

Gans, Joshua S.; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2012

entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property … them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in … increasing the rate of entrepreneurial innovation. …

Persistent link: https://www.econbiz.de/10009399310