Showing 1 - 10 of 183
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
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
entrepreneurship. These factors also seem to be responsible for changes in the level of regional new business formation. In addition … Innovationsaktivitäten und von Entrepreneurship stellen geeignete Ansatzpunkte für eine Politik dar, die auf eine Steigerung der …
Persistent link: https://www.econbiz.de/10010305676
In our analysis of the impact of new firm formation on regional employment change we identified considerable time lags. We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on regional...
Persistent link: https://www.econbiz.de/10010305680
The Industrial Institute of Economic and Social Research (IUI) was founded in 1939. In less than ten years, IUI grew from a small survey bureau to a leading research institute focused on microeconomic research relevant to industrial development. Based on a number of new commemorative essays and...
Persistent link: https://www.econbiz.de/10010320347
between initial wealth and entrepreneurship. However, in a recent paper Hurst and Lusardi (2004) use higher order of … wealth and transition into entrepreneurship is positive but diminishing for the major part of the wealth distribution …. Moreover, the relationship between wealth and entrepreneurship gets stronger as the models get less restricted with respect to …
Persistent link: https://www.econbiz.de/10010321582
Support for entrepreneurship is widely seen as a mechanism to facilitate prosperity and peace in a growing number of … post-conflict states. In this paper I critically evaluate this view. I argue that entrepreneurship is a ubiquitous quality … in post-conflict states but not necessarily always for the good. Unproductive and destructive entrepreneurship may …
Persistent link: https://www.econbiz.de/10010323518
This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and … entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …
Persistent link: https://www.econbiz.de/10010324769
countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …, suggesting that risingopportunity costs of entrepreneurship are the dominant perception in this cultural environment. In a …
Persistent link: https://www.econbiz.de/10010324859
knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic … particular, our results suggest that innovation efforts have an indirect effect on economic performance via entrepreneurship …
Persistent link: https://www.econbiz.de/10010324899