There appears to be an ambivalent dimension in innovation strategies: timing. When is an innovation ready for the … market or when is the market ready for the innovation? This paper empirically investigates the determinants of a firm …’s decision to become a first mover or a follower in innovation strategies. Much of theoretical and empirical work has focused on …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …