Showing 1 - 10 of 78
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010956728
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010957591
Entrepreneurship involves innovation and uncertainty. We outline a theory of entrepreneurship, which highlights the … importance of social networks in promoting innovation and reducing uncertainty. Our findings suggest that this “social” aspect of …
Persistent link: https://www.econbiz.de/10010990965
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …
Persistent link: https://www.econbiz.de/10010856381
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323613
Our descriptive analysis of a random sample of businesses that received Phase II Small Business Innovation Research …
Persistent link: https://www.econbiz.de/10010840007
findings from this body of research became a foundation for a number of technology and innovation policies promulgated in the … technology and innovation policy initiatives. We argue that there are lessons to be learned from PRA’s successes from its … and Innovation Policy (SciSIP) program. …
Persistent link: https://www.econbiz.de/10010840014
In this paper we overview a key national program that supports the development of new technology and innovation in … small, entrepreneurial firms. The Small Business Innovation Research (SBIR) program was established by the Small Business … Innovation Development Act of 1982. We conclude from our years of study of the SBIR program that it is indeed bending the arc of …
Persistent link: https://www.econbiz.de/10010840015
policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market …
Persistent link: https://www.econbiz.de/10008488963
Innovation Research (SBIR) program, of which 624 had been discontinued prior to technical completion, we provide for the first …
Persistent link: https://www.econbiz.de/10011168629