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The Radical Innovation Investment Decision Refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010791525
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Institute for the Study of Labor (IZA) - 2014
We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10010884235
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The radical innovation investment decision refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim A. - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - 2014
We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …, but also commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10010328895
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Extreme Events, Entrepreneurial Start-Ups, and Innovation: Theoretical Conjectures
Gries, Thomas; Naudé, Wim - 2020
entrepreneurship can cause and resolve extreme events, the immediate and long-run impacts of extreme events on entrepreneurship, and … whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial … equilibrium model to provide several conjectures on the impact of COVID-19 on entrepreneurship and derive policy recommendations …
Persistent link: https://www.econbiz.de/10012322634