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by spinoffs does, indeed, have a positive impact on incumbent innovation. -- Innovation ; entry ; spinoff …This paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants … incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities …
Persistent link: https://www.econbiz.de/10003796315
project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …
Persistent link: https://www.econbiz.de/10009530995
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show … under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality …
Persistent link: https://www.econbiz.de/10003843246
Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation. -- Corporate … entrepreneurship ; start-ups ; radical innovation …
Persistent link: https://www.econbiz.de/10008659476
either mayflies or longdistance runners. -- Entry and exit ; growth ; hit-and-run competition ; innovation ; dynamic panel …
Persistent link: https://www.econbiz.de/10009424467
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012239493
. -- Entrepreneurship ; Innovation ; Start-ups ; Ownership ; Breakthrough ; Quality …
Persistent link: https://www.econbiz.de/10009625140
We propose a novel model of knowledge discovery shedding light on the emergence of General Purpose Technologies (GPTs), the process which has been largely neglected in the literature on technological change. We demonstrate that GPTs emerge only when certain conditions with regard to the...
Persistent link: https://www.econbiz.de/10011557196
When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry …-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for own entry. Inventors who … sell post-entry use entry to credibly reveal information on quality. Incumbents are then willing to pay high prices for …
Persistent link: https://www.econbiz.de/10011742388
We examine the influence of physical proximity on between-startup knowledge spillovers at one of the largest technology co-working hubs in the United States. Relying on the random assignment of office space to the hub's 251 startups, we find that proximity positively influences knowledge...
Persistent link: https://www.econbiz.de/10013334339