Showing 1 - 10 of 272
This paper examines technology sophistication in establishments. To comprehensively measure technology sophistication … 21,000 establishments in 15 countries, we find that the most widely used technology is usually not the most sophisticated … available in the business function. There is significant variation in technology sophistication across and within countries …
Persistent link: https://www.econbiz.de/10015195003
investor preferences. For a novel sample of technology incubator startups, we empirically examine the use of patents and …
Persistent link: https://www.econbiz.de/10012461608
areas of science and technology, extending the concept of star scientist to all areas of science and technology. The results … top-25 science and technology countries generally has a consistently significant and quantitatively large positive effect … on the probability of firm entry in the same area of science and technology. Other measures of academic knowledge stocks …
Persistent link: https://www.econbiz.de/10012466497
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...
Persistent link: https://www.econbiz.de/10012479519
Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...
Persistent link: https://www.econbiz.de/10012814429
Early-stage firms utilize venture debt in one-third of financing rounds despite their general lack of cash flow and collateral. In our model, we show how venture debt aligns incentives within a firm. We derive a novel theoretical channel in which runway extension through debt increases firm...
Persistent link: https://www.econbiz.de/10012481445
This paper presents an identification strategy that allows us to study both the sectoral effects of monetary policy and the role that monetary policy plays in the transmission of sectoral shocks. We apply our methodology to the case of the U.S. and find some significant differences in the...
Persistent link: https://www.econbiz.de/10012468863
On numerous occasions, rival firms seek to market goods together, particularly in high-technology industries. This …
Persistent link: https://www.econbiz.de/10012469018
This paper argues that the late 1990s boom in ICT investment was unsustainable for both macro and micro reasons; we are unlikely again to witness an interval in which computer hardware investment grows at an annual rate greater than 30 percent for five straight years. Analysts who base their...
Persistent link: https://www.econbiz.de/10012469266
-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures …
Persistent link: https://www.econbiz.de/10012480899