There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …

Why do levels of entrepreneurship differ across America's cities? This paper presents basic facts on two measures of … entrepreneurship: the self-employment rate and the number of small firms. Both of these measures are correlated with urban success … entrepreneurship is linked to a large number of small firms in supplying industries. Finally, there is a strong connection between area …

This paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a … enormously valuable for innovation and growth, but can impede heterodox thinking and imagination; c) large-firm R&D requires … are effective, we know little about training for the critical task of breakthrough innovation …

in operation. The data show that serial entrepreneurship is relatively uncommon in retail trade. Of the almost 2 …