Showing 1 - 10 of 3,713
This paper is about the impact of clusters on entrepreneurship at the regional level. Defining entrepreneurship as the … entrepreneurship at the regional level? Second, if clusters are associated with different levels of entrepreneurship, what explains … and empirical research to explain the impact of clusters on entrepreneurship at the regional level. This paper uses the 97 …
Persistent link: https://www.econbiz.de/10014160113
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10010263845
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 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
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010291511
Population dynamics is a branch of life sciences dealing with the way populations are affected by the birth and death rates, the changes in the size and age composition of populations, and the biological and environmental processes influencing those changes. This paper applies the Population...
Persistent link: https://www.econbiz.de/10013148834
What is driving the declining quality of innovation-driven entrepreneurship? In this paper, we argue the growing … entrepreneurship industry is an important yet overlooked explanation. This rapidly growing industry has transformed the nature of … entrepreneurship and encouraged a particular form of low-quality entrepreneurship. It has done so by leveraging the Ideology of …
Persistent link: https://www.econbiz.de/10012847044
Persistent link: https://www.econbiz.de/10011438406
In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed rms...
Persistent link: https://www.econbiz.de/10010320264
are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …
Persistent link: https://www.econbiz.de/10009691699