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Financing Innovation
Kerr, William - 2015
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …
Persistent link: https://www.econbiz.de/10013031824
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The Financing of Research and Development
Hall, Bronwyn H. - 2021
Evidence on the 'funding gap' for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10013222638
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When Does Funding Research by Smaller Firms Bear Fruit? : Evidence from the Sbir Program
Gans, Joshua S.; Stern, Scott - 2022
This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel...
Persistent link: https://www.econbiz.de/10013293706
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Adoption Curves and Social Interactions
Brock, William A. - 2010
This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...
Persistent link: https://www.econbiz.de/10013152509
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Business Partners, Financing, and the Commercialization of Inventions
Astebro, Thomas B. - 2014
This paper studies the effect of business partners on the commercialization of nvention based ventures, and it assesses the relative importance of partners' human and social capital on commercialization outcomes. Projects run by partnerships were five times more likely to reach...
Persistent link: https://www.econbiz.de/10013067734
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Innovation and the Financial Guillotine
Nanda, Ramana - 2015
failure tolerance and a sharp guillotine helps explain when and where radical innovation occurs …
Persistent link: https://www.econbiz.de/10013035138
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Does Venture Capital Spur Innovation?
Kortum, Samuel S. - 2014
While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …
Persistent link: https://www.econbiz.de/10012752883
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Kill Zone
Kamepalli, Sai Krishna; Rajan, Raghuram G.; Zingales, Luigi - 2022
We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform …
Persistent link: https://www.econbiz.de/10013298326
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Rewards Versus Intellectual Property Rights
Shavell, Steven; Van Ypersele, Tanguy - 2021
This paper compares reward systems to intellectual property rights (patents and copyrights). Under a reward system, innovators are paid for innovations directly by government (possibly on the basis of sales), and innovations pass immediately into the public domain. Thus, reward systems engender...
Persistent link: https://www.econbiz.de/10013220790
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Do Subsidies to Commercial R&D Reduce Market Failures? Microeconomic Evaluation Studies
Klette, Tor Jakob; Møen, Jarle; Griliches, Zvi - 2021
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10013221941