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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
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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
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Welche Regionen profitieren von Venture Capital-Aktivitäten?
Engel, Dirk - 2002
Mit der Venture Capital (VC)-Finanzierung als Teil eines regionalen Innovationssystems sind Erwartungen verbunden, die Kommerzialisierung neuer Forschungsergebnisse in marktfähige Produkte in einer Region zu fördern. In Erwartung positiver Effekte eines solchen Kapitalzuflusses in eine Region...
Persistent link: https://www.econbiz.de/10010298085
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The Determinants of Venture Capital: Additional Evidence
van Pottelsberghe de la Potterie, Bruno; Romain, Astrid - 2004
a minimum level of entrepreneurship is required in order to have a positive effect of the available stock of knowledge …
Persistent link: https://www.econbiz.de/10010295646
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Is venture capital a regional business? The role of syndication
Fritsch, Michael; Schilder, Dirk - 2006
We investigate whether the supply of Venture Capital (VC) in Germany is driven by spatial influences. The study is based on information from more than 300 VC investments made in Germany in the year 2004 and 2005. We find evidence that the geographical distance between a VC company and the...
Persistent link: https://www.econbiz.de/10010298516
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What you get is what you need? The role of venture capitalists in managing growth of new ventures
Achleitner, Ann-Kristin; Fingerle, Christian H. - 2004
The resource-based view is suggested as a useful concept to shed light on the particular challenges of high potential companies on their way to building a thriving and growing company. In order to be able to apply the theoretical constructs of the resource-based view in the present context, a...
Persistent link: https://www.econbiz.de/10010305807
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Regional determinants of new business formation in China: Prefecture-level evidence
Borowiecki, Martin; Leitner, Karl-Heinz - 2015
entrepreneurship. …
Persistent link: https://www.econbiz.de/10011400491
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Entrepreneurship and the Reallocation of African Farmers
Naudé, Wim - 2015
transformation, will stagnate. One such endogenous driver is entrepreneurship. In this paper I start with the reappraisal of African … agriculture and focus on the literature on entrepreneurship in Africa's structural transformation. I present a conceptual model to … describe how entrepreneurship reallocates farmers out of agriculture into non-agricultural activities and locations. Recent …
Persistent link: https://www.econbiz.de/10011401794
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Peace, prosperity and pro-growth entrepreneurship
Naudé, Wim - 2007
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
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Entrepreneurship and competitiveness dynamics in Latin America
Ács, Zoltán J.; Amorós, José Ernesto - 2008
This study analyses the relationship between entrepreneurial dynamics and the level of competitiveness in Latin American countries. Based on a stage of economic development model we demonstrate that Latin American countries under the model followed different paths related to competitiveness....
Persistent link: https://www.econbiz.de/10010271776