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University Spillovers and New Firm Location

Audretsch, David; Lehmann, Erik; Warning, Susanne - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2004

This paper examines the impact of locational choice as a firm strategy to access knowledge spillovers from universities. Based on a large data set of young high-technology start-ups publicly listed in Germany, this study tests the propositions that geographic proximity to the university is...

Persistent link: https://www.econbiz.de/10005562276

Hoping to win, expected to lose: Theory and lessons on micro enterprise development

Karlan, Dean; Knight, Ryan; Udry, Christopher - 2012

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

Persistent link: https://www.econbiz.de/10010369061

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2004

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

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2009

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...

Persistent link: https://www.econbiz.de/10010320298

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009

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

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - 2012

. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model. …

Persistent link: https://www.econbiz.de/10010320328

The impact of consulting services on small and medium enterprises: Evidence from a randomized trial in Mexico

Bruhn, Miriam; Karlan, Dean; Schoar, Antoinette - 2012

We test whether managerial human capital has a first order effect on the performance and growth of small enterprises in emerging markets. In a randomized control trial in Puebla, Mexico, we randomly assigned 150 out of 432 small and medium size enterprises to receive subsidized consulting...

Persistent link: https://www.econbiz.de/10010286930

Creative destruction and productive preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013

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

Does Self-Efficacy Affect Entrepreneurial Investment?

Cassar, Gavin - 2011

We empirically examine the effect of self-efficacy on entrepreneurial investment choices. We identify various attributes of entrepreneurial investment, and argue that higher self-efficacy is associated with more aggressive entrepreneurial investment decisions. We show that self-efficacy...

Persistent link: https://www.econbiz.de/10013134685

A Note on Entrepreneurship, Small Business and Economic Growth

Thurik, Roy - 2010

aspects of the recent scientific literature on the relation between entrepreneurship and small business, on the one hand, and … pay a penalty in terms of forgone growth. It also pays attention to the Global Entrepreneurship Monitor (GEM), a new and …

Persistent link: https://www.econbiz.de/10012758415