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By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link between investments in new … knowledge and economic growth. The knowledge spillover theory of entrepreneurship provides not just an explanation of why … entrepreneurship has become more prevalent as the factor of knowledge has emerged as a crucial source for comparative advantage, but …
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We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...
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