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Local rates of new firm formation: An empirical exploration using Swedish data

Andersson, Martin; Lavesson, Niclas; Partridge, Mark D. - 2019

variables to address endogeneity, we find that local growth drives local entrepreneurship exclusively in services industries … started by people, so it is unsurprising that the main factor driving local entrepreneurship is the characteristics of the …

Persistent link: https://www.econbiz.de/10012145515

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2004

The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...

Persistent link: https://www.econbiz.de/10010320055

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2009

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...

Persistent link: https://www.econbiz.de/10010320298

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009

We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...

Persistent link: https://www.econbiz.de/10010320309

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - 2012

. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model. …

Persistent link: https://www.econbiz.de/10010320328

Family business and regional development

Basco, Rodrigo (contributor); Stough, Roger (contributor); … - 2021

experts in entrepreneurship, regional economics, and economic geography, this book will be a valuable reading for advanced …

Persistent link: https://www.econbiz.de/10014323772

Entrepreneurial activity across European cities

Belitski, Maksim; Korosteleva, Julia - 2010

The importance of entrepreneurship as a driving force in the economic development has been widely recognised …-regional differences. Given limited city-level data availability, scarce work has been undertaken so far on cross-city entrepreneurship … within the spatially oriented entrepreneurship research. Furthermore, to our best knowledge, no empirical studies exist on …

Persistent link: https://www.econbiz.de/10011332796

The early development of new establishments: An evaluation of the role of spatial selection and agglomeration

Changoluisa, Javier - 2021

This paper analyzes the early development of new establishments evaluating the role of spatial selection and agglomeration. The analysis shows a clear and strong selection of more productive new establishments into larger regions, regardless of the foundation type. While at the end of the...

Persistent link: https://www.econbiz.de/10012629047

Direct and indirect effects of new business formation on regional employment

Fritsch, Michael; Mueller, Pamela; Weyh, Antje - 2004

We investigate the impact of new business formation on regional employment. The main effects occur after a considerable time lag. Obviously, a large part of the effect is not due to job creation by the newcomers but rather is of indirect nature. This implies that a large part of the debate about...

Persistent link: https://www.econbiz.de/10010305657

Regional growth regimes revisited - the case of West Germany

Fritsch, Michael; Mueller, Pamela - 2004

characterized by different growth regimes in which new firms and entrepreneurship assume different roles and accordingly lead to … durch unterschiedliche Wachstumsregime gekennzeichnet sind in denen Gründungen und Entrepreneurship unterschiedliche Rollen …

Persistent link: https://www.econbiz.de/10010305674

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