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penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
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Does venture capital (VC) investment yield economic growth? A large literature studies the effect of VC investments on firm-level activity, but its effects on economic growth are less well understood. We identify the effect of VC investment flows on destination county employment, wages, and...
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In this paper we test the celebrated `Strength of weak ties' theory of Granovetter (1973). We test two hypotheses on …
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This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of … successful research projects. We provide clear evidence that externally sourced projects and projects involving biotechnologies … enables the same people to be involved in both external and internal research projects and apply externally generated …
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This paper describes a classroom experiment that illustrates the research and development investment incentives facing … decisions then production decisions. The classroom game can be used to motivate discussions of research joint ventures, the free …-rider problem, collusion, and antitrust policy regarding research and development. …
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