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An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10010263845
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10010271748
opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by … entrepreneurs. Our results show that there is a strong relationship between knowledge spillovers and new venture creation. …
Persistent link: https://www.econbiz.de/10010271750
prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …
Persistent link: https://www.econbiz.de/10010271765
prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …
Persistent link: https://www.econbiz.de/10010271768
This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10010271771
/her reliance on alternative sources of knowledge for exploring new business opportunities. The extant literature that is at the … crossroads between sources of knowledge and the experiential and intellectual base of an entrepreneur (i.e., dimensions of his …/her human capital) suggests that it is through experience and through education that an entrepreneur obtains knowledge. Using …
Persistent link: https://www.econbiz.de/10012055295
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10005765221
opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by … entrepreneurs. Our results show that there is a strong relationship between knowledge spillovers and new venture creation. …
Persistent link: https://www.econbiz.de/10005588033
and antitrust towards a new set of enabling policies which foster the creation and commercialization of new knowledge. The …
Persistent link: https://www.econbiz.de/10005169499