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stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …
Persistent link: https://www.econbiz.de/10010293106
an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …
Persistent link: https://www.econbiz.de/10010293207
an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …
Persistent link: https://www.econbiz.de/10010791522
The success of new start-up firms often depends on timing. It is valuable for the potential entrepreneur to wait for the right moment before starting a new firm. In this paper we provide a theoretical model to determine the optimal time for starting a new firm. We integrate insights from the...
Persistent link: https://www.econbiz.de/10010273504
attractive for private entrepreneurs. -- radical innovation ; innovation ; entrepreneurship ; investment ; R&D ; risk ; real … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …
Persistent link: https://www.econbiz.de/10009729702
stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …
Persistent link: https://www.econbiz.de/10013083098
This paper integrates entrepreneurial reputation into a multi-period model which explores the financing and execution of heterogeneous projects under asymmetric information. We study a model where reputation can be acquired following a history of successful execution but may also be inferred...
Persistent link: https://www.econbiz.de/10012968406
The World is in a continuous change at the level of all its components including entrepreneurship, the most dynamic … to apply these ideas through entrepreneurship is promising. Meeting recommended goals from this paper, through … cooperation between private companies, state and academies, creativity and innovation will boost new ideas for a better life in a …
Persistent link: https://www.econbiz.de/10011079736
This paper examines the where, when and why of first round entrepreneurial investment activity in the United States …
Persistent link: https://www.econbiz.de/10013123254
reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …
Persistent link: https://www.econbiz.de/10013150516