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function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional …
Persistent link: https://www.econbiz.de/10011917029
Venture capital has become a dominant form of innovation finance, used by many high-tech startups. Europe lags the U …
Persistent link: https://www.econbiz.de/10011917044
-impact Schumpeterian entrepreneurship relative to the U.S. Once we account for Europe's strong performance in technological innovation, an …
Persistent link: https://www.econbiz.de/10011917046
In this paper, we introduce a special issue of Small Business Economics on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are...
Persistent link: https://www.econbiz.de/10011917079
innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an … innovation bloc of this kind, a system of innovation that evolves and within which activity takes place through time. The … innovation bloc consists of five pools of economic skills from which people are drawn or recruited to form part of a …
Persistent link: https://www.econbiz.de/10011917098
cost-efficient, long-term improvements, we identify the school system's capacity for knowledge-enhancing innovation as … considering evidence from regular markets that competition and the presence of for-profit actors should spur innovation. Our … analysis suggests that these factors are necessary but not sufficient conditions for innovation, tracing the obstacles to …
Persistent link: https://www.econbiz.de/10014542202
Many countries have implemented quasi-markets to enhance entrepreneurship and innovation in welfare service provision … extensive use of quasi-markets. Based on the Swedish experience, we contend that quasi-markets can unlock their innovation … innovation in quasi-market contexts. Such markets demand a set of supporting institutions of an epistemic nature. These …
Persistent link: https://www.econbiz.de/10014577297
innovative and evasive features. The platform was a radical, widely applied innovation that transformed the Internet landscape …
Persistent link: https://www.econbiz.de/10011442487
One response to uncertainty and transactions costs in VC-finance is to compensate founders (and other key personnel) with stock options under complex contracts. Entrepreneurs are granted stock options contingent on firm performance, vesting and other criteria. While most countries tax stock...
Persistent link: https://www.econbiz.de/10011442493
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation … skills from which people are drawn or recruited to form part of a collaborative team, which is necessary for innovation …
Persistent link: https://www.econbiz.de/10012615413