There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

Innovation entsteht kein Produkt. Wie sich Unternehmer beim Hervorbringen von Innovationen verhalten, ist aber weitgehend … unbekannt – und damit auch, welches Verhalten sich positiv und welches sich negativ auf eine Innovation auswirkt. Ueber dieses …

This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … allows to capture a crucial determinant of a firm's business strategy and its response to competition. The findings from the …

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and … strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is … conducive to long-term investments in new business activities. This way, the development of innovation policy in SMEs forms an …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is … acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the entrepreneurial effort … that high-quality inventions are sold under bidding competition. Asymmetric information problems are shown to be solved by …

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 …

development, which caused innovation to slow down. …