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Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will …, entrepreneurs may select too safe projects from a social point of view, since they do not internalize the business stealing effect … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the …
Persistent link: https://www.econbiz.de/10009625140
This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro‐panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies,...
Persistent link: https://www.econbiz.de/10010224595
Persistent link: https://www.econbiz.de/10013187637
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival, profits, and generated employment. On the basis of the...
Persistent link: https://www.econbiz.de/10011326404
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call "the...
Persistent link: https://www.econbiz.de/10010196029
Venture capital and private equity financing has become an important mechanism for the development and radical transformation of companies worldwide in recent decades. Nevertheless, the venture capital and private equity sector covers only a relatively small proportion of economic activity...
Persistent link: https://www.econbiz.de/10012439783
India has an estimated 26,000 startups, making it the third-largest startup ecosystem in the world, recording consolidated inflows of over $36 billion in the past 3 years with 26 "unicorns" - startups valued over $1 billion. The Indian startup ecosystem has expanded quite rapidly mainly through...
Persistent link: https://www.econbiz.de/10012239563
This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...
Persistent link: https://www.econbiz.de/10011723674
This paper adds to the literature of external corporate venturing, especially corporate venture capitals (CVCs) and corporate accelerators (CAs) by providing an overview of the German corporate venturing market and by offering first intriguing findings based on a novel and unique hand-collected...
Persistent link: https://www.econbiz.de/10011952639
This paper studies the effects of institutional distance and geographic distance on Chinese venture capital (VC) investment and subsequent exit, and further investigates how social capital, that is, network and trust, moderates such effects. We document significant dampening effects of both...
Persistent link: https://www.econbiz.de/10014253902