Start-ups zeichnen sich durch limitierte personelle sowie finanzielle Ressourcen aus. Gleichzeitig sind sowohl Wachstumsambitionen als auch das Risiko zu scheitern groß. Daraus resultiert die Herausforderung, Tagesgeschäft, inkrementelle Innovationen und disruptive Neuerungen des Start-ups zu...

We propose a novel one-sector stochastic growth model, where producitivity growth follows a Markov-switching process with two regimes, and where households have generalized recursive smooth ambiguity preferences. The adopted class of preferences permits a three-way separation of risk aversion,...

This study investigated the relationship between open innovation and the radicalness of innovation. The balance between radical and incremental innovation is an essential part of the ambidextrous use of explorative and exploitative strategies, and this study assumed that open innovation is...

Authors take the issue of change in the modern university. Assuming that the objective of the university is, in addition to the mass education, training the elite of intellectual entrepreneurs (Kwiatkowski, 2000; Kwiatkowski, Sadlak, 2003) - prospective leaders of the knowledge-based society, it is...

Seit geraumer Zeit wird dem Standort Deutschland eine Unterversorgung mit Wagniskapital diagnostiziert. Die Etablierung eines Wachstumssegments an der Frankfurter Wertpapierbörse und die Unterstützung auf junge Hochtechnologieunternehmen spezialisierter Beteiligungsunternehmen gehören...

I model optimal product-market competition policy when industriesdiffer inthe potential for quality-improving technological advance. In a two-periodmodel, a competition authority with limited resources administers adeterrence-based competition policy toward two industries. In one...

Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where...