Showing 1 - 10 of 741
We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly meetings for one year, and into a "no- meetings" control group....
Persistent link: https://www.econbiz.de/10012455729
We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...
Persistent link: https://www.econbiz.de/10014372477
Digitization raises a variety of important academic and managerial questions around firm strategies and public policies …-sharing. At the same time, digitization has created many new opportunities to empirically analyze these questions by leveraging …In this chapter we describe the open "big picture" questions related to digitization and the copyright industries, and …
Persistent link: https://www.econbiz.de/10012459027
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012467145
By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find that big tech loans tend to be smaller and have higher interest rates and that borrowers of big tech loans tend to repay far before maturity and borrow more frequently. These...
Persistent link: https://www.econbiz.de/10013334379
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...
Persistent link: https://www.econbiz.de/10012481729
Exploiting random variation in the number of venture capitalist (VC) judges assigned to panels at Harvard Business School's New Venture Competition (NVC) between 2000 and 2015, we find that exposure to more VC judges increases male participants' chances of founding a VC-backed startup after HBS...
Persistent link: https://www.econbiz.de/10012480392
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10012457584
A central premise of research in the strategic management of innovation is that start-ups are able to leverage emerging technological trajectories as a source of competitive advantage. But, if the potential for a technology is given by the fundamental character of a given technological...
Persistent link: https://www.econbiz.de/10012481344
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...
Persistent link: https://www.econbiz.de/10012466069