Åstebro, Thomas; Braginskij, Sergej V.; Ding, Yuheng - 2020
opportunities. We link this to an increasing burden of knowledge by documentinga long-term earnings decline by founders, especially … established firms are better positioned to cope with the increasing burden of knowledge, in particular through the design of … knowledge hierarchies, explaining why new firm entry has declined forhigh-tech, high-opportunity startups. …