How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries …. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 …

Our paper demonstrates that while failure tolerance by investors may encourage potential entrepreneurs to innovate … contracts to attract entrepreneurs, leaving no capital to fund the most radical, experimental projects. The tradeoff between … failure tolerance and a sharp guillotine helps explain when and where radical innovation occurs …

This paper reviews recent academic work on the spatial concentration of entrepreneurship and innovation in the United … identify and discuss policies that are being pursued in the United States to encourage local entrepreneurship and innovation …

ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the …

Family firms are typically associated with negative characteristics, including lower tendencies towards innovation, a … innovation, and that their commercial efforts were enhanced by association with family firms. Their formerly invisible … groups into the market economy as managers and entrepreneurs …

choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … consistent with this pattern. Our measures of creative innovations proxy for innovation quality (average number of citations per …

choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …

segmentation) shaped the underlying incen- tives for innovation in the PC industry during the mid to late 1980s …