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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...
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Entrepreneurship is largely ignored or treated in a highly simplified way in endogenous growth theory. Still, it is now … creation. In this study we provide an in-depth examination of how the supply of productive entrepreneurship is likely to be … intrapreneurship can substitute for entrepreneurship. However, in an environment where entry, exit and turnover of firms are important …
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