'Frenkel and Maital provide a ground-breaking deeply-delving study of innovation systems, offering guidance for decision-making practitioners that links theory with case-based learning opportunities.'--Michael Radnor, Chairman and co-founder, Global Advanced Technology Innovation Consortium...

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

Designing an effective tax regime for small businesses remains a pressing issue. The authors engaged a comparative analysis of types and methods of tax incentives for small business and innovative business in global practice. It is concluded that the stimulating function of the taxation system...