Der gesellschaftlich-politische Druck der Energiewende kombiniert mit den verheißungsvollen Möglichkeiten einer vernetzten, dezentralen Welt im Rahmen des ‘Internet der Dinge’ (IoT) beschleunigt den Wandel von Städten in Richtung Smart Cities. Während es einige Leuchtturm-Städte wie...

This paper studies a repeated-game model in which firms can build a reputation for rewarding innovative employees. In any Pareto efficient equilibrium, low-value innovations get developed in established firms, while high-value innovations get developed in startups. The threshold level can be...

This research, aims to develop a conceptual framework to assess the entrepreneurial properties of the Vietnamese reform, known as Doi Moi, even before the kickoff of Doi Moi policy itself. The authors argue that unlike many other scholars' assertion, economic crisis and harsh realities were...

What factors drive the scaling up of firms in entrepreneurial ecosystems? We address this question by investigating whether startup founders' within-ecosystem social ties explain firms' relative success. We develop a novel database of startup companies and their founders in two markets (fintech...

Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to informational and payoff externalities. We use novel entrepreneur-backer data to study how these externalities shape funding dynamics, within and across projects. We find that backers...

This paper studies how prior professional connections among founding employees predict a new firm's short and medium term success. We apply three employment network measures to a large employer-employee matched Brazilian panel dataset, to find that network structures are strongly predictive of...

We empirically explore the importance of networks in the match formation of startups and investors. Using a massive network of connections from the entrepreneurial finance setting in California, we estimate a matching model introducing network distance as a key determinant of the value of a...

Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to informational and payoff externalities. We use novel entrepreneur-backer data to study how these externalities shape funding dynamics, within and across projects. We find that backers...

We examine how economic institutions, measured by the Economic Freedom of the World (EFW) index, affect the relationship between capital — human, social, and financial — and opportunity-motivated entrepreneurship (OME). To do this, we develop a multi-level model that connects theories of...