Showing 1 - 9 of 9
Assessing the state of American entrepreneurship requires not simply counting the quantity but also the initial quality of new ventures. Combining comprehensive business registries and predictive analytics, we present estimates of entrepreneurial quantity and quality from 1988-2014. Rather than...
Persistent link: https://www.econbiz.de/10012996381
This paper provides a theoretical investigation of the tension over knowledge disclosure between firms and their scientific employees. While empirical research suggests that scientists exhibit a "taste for science," such open disclosures can limit a firm's competitive advantage or ability to...
Persistent link: https://www.econbiz.de/10013007060
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty … regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this …
Persistent link: https://www.econbiz.de/10013291843
The acceleration of start-up activity is often cited as a rationale for the R&D tax credit, a key innovation policy instrument adopted increasingly by US states over the past quarter century. While there is a strong empirical base linking the R&D tax credit to increased R&D expenditures and...
Persistent link: https://www.econbiz.de/10012865766
This paper develops a novel approach for assessing the role of passive learning versus a proactive growth orientation in the entrepreneurial growth process. We develop a simple model linking early-stage founder choices, venture capital investment and skewed growth outcomes such as the...
Persistent link: https://www.econbiz.de/10012866181
an innovation is exogenous, we focus on the endogenous choice entrepreneurs face between investing in ensuring control … entrepreneurs to advance more quickly than competitors, while control requires delays in commercialization. Control and execution … these rents is uncertain, entrepreneurs may be unable to rank these alternative paths in advance, and so their endogenous …
Persistent link: https://www.econbiz.de/10012922996
This paper is motivated by the substantial differences in start-up commercialization strategies observed across different high-technology sectors. Specifically, we evaluate the conditions under which start-up innovators earn their returns on innovation through product market competition with...
Persistent link: https://www.econbiz.de/10013223566
evolution of technology is largely shaped by the strategic choices entrepreneurs make, then why do technological trajectories …
Persistent link: https://www.econbiz.de/10013306319
A central challenge in the measurement of entrepreneurship is accounting for the wide variation in entrepreneurial quality across firms. This paper develops a new approach for estimating entrepreneurial quality by linking the probability of a growth outcome (e.g., achieving an IPO or a...
Persistent link: https://www.econbiz.de/10013028060