Showing 1 - 10 of 12
innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010266651
subsequent competitive advantage. This theory of entrepreneurial governance is tested using patent ownership as a proxy for both … agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This … managerial incentives with the owners' goals, as agency theory predicts, it also grants top managers residual control rights to …
Persistent link: https://www.econbiz.de/10010263845
Whereas initially physical capital and later, knowledge capital were viewed as crucial for growth, more recently a very different factor, entrepreneurship capital, has emerged as a dri-ving force of economic growth. In this paper, we define a region's capacity to create new firms start-ups as...
Persistent link: https://www.econbiz.de/10010263827
States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10010271771
States over the last 150 years. Accor-ding to the “new growth theory,” investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10005864531
Whereas initially physical capital and later, knowledge capital were viewed as crucial for growth, more recently a very different factor, entrepreneurship capital, has emerged as a dri-ving force of economic growth. In this paper, we define a region’s capacity to create new firms start-ups as...
Persistent link: https://www.econbiz.de/10005864584
States over the last 150 years. According to the "new growth theory", investments in knowledge and human capital generate … economic growth via spillovers of knowledge. But the theory does not explain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10005090491
Whereas initially physical capital and later, knowledge capital were viewed as crucial for growth, more recently a very different factor, entrepreneurship capital, has emerged as a driving force of economic growth. In this paper, we define a region's capacity to create new firms start-ups as the...
Persistent link: https://www.econbiz.de/10005032008
advantage. This theory of entrepreneurialgovernance is tested using patent ownership as a proxy for both … agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper …
Persistent link: https://www.econbiz.de/10005864514
subsequent competitive advantage. This theory of entrepreneurial governance is tested using patent ownership as a proxy for both … agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This … managerial incentives with the owners' goals, as agency theory predicts, it also grants top managers residual control rights to …
Persistent link: https://www.econbiz.de/10005090583